Management Notes

Reference Notes for Management

Nontariff trade barriers could include all of the following except

Nontariff trade barriers could include all of the following except

Nontariff trade barriers could include all of the following except

 Options:

a. domestic content laws
b. government procurement policies
c. health, safety, and environmental standards
d. antidumping/countervailing duties applied to imports

The Correct Answer Is:

  • d. antidumping/countervailing duties applied to imports

Read more

If the world price of steel is $500 a ton a specific tariff of $50 is equivalent to an ad valorem tariff of

If the world price of steel is $500 a ton a specific tariff of $50 is equivalent to an ad valorem tariff of

If the world price of steel is $500 a ton a specific tariff of $50 is equivalent to an ad valorem tariff of

 Options:

a. 5 percent
b. 10 percent
c. 15 percent
d. 20 percent

The Correct Answer Is:

  • b. 10 percent

Read more

If tastes are identical between countries then comparative advantage is determined by:

If tastes are identical between countries then comparative advantage is determined by

If tastes are identical between countries then comparative advantage is determined by:

 Options:

a. supply conditions only.
b. demand conditions only.
c. supply and demand conditions.
d. can’t tell without more information.

The Correct Answer Is:

  • a. supply conditions only.

Read more

The Heckscher-Ohlin model rules out the classical model’s basis for trade by assuming that ________ is (are) identical between countries.

The Heckscher-Ohlin model rules out the classical model’s basis for trade by assuming that ________ is (are) identical between countries.

The Heckscher-Ohlin model rules out the classical model’s basis for trade by assuming that ________ is (are) identical between countries.

 Options:

a. factor endowments
b. factor intensities
c. technology
d. opportunity costs

The Correct Answer Is:

  • c. technology

Read more

State Industrial corporations engage in the development of ______________.

State Industrial corporations engage in the development of ______________.

State Industrial corporations engage in the development of ______________.

 Options:

A. industrial estates.
B. institutional estates.
C. individual investors.
D. agricultural entrepreneurs.

The Correct Answer Is:

  • A. industrial estates.

Read more