Which of these is an example of a trade policy?
Correct answer C. A tariff on sugar
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Economics MCQs
Page 114 of Economics multiple-choice questions with answers. Tap an option to check yourself.
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Which of these is NOT an indirect tax?
Correct answer B. Income tax
The USA is the world’s chief exporter of?
Correct answer C. Cotton
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Which group would be most harmed by a UK government budget deficit?
Correct answer D. BAE Systems wishing to sell aircraft to Saudi Arabia
What is the effect of capital flight on a country?
Correct answer D. Increases a country's net exports and decreases its long-run growth path
South Africa is a chief exporter of which of these?
Correct answer D. Gold
Jute is chiefly exported by which country?
Correct answer C. Both of them
What is the effect of an increase in the government budget deficit?
Correct answer A. Increases the real interest rate and crowds out investment
If Europeans develop a stronger taste for UK-built Hondas, what happens to the pound and UK net exports?
Correct answer D. Appreciate, but the total value of UK net export stays the same
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India is a chief exporter of which of these minerals?
Correct answer D. Mica
The EU imposes a quota on clothing imports from China, reducing UK clothing imports. What happens in the market for foreign currency exchange?
Correct answer C. The demand for pounds increases, and the pound appreciates
Malaysia is a chief exporter of which of these?
Correct answer B. Rubber
Political instability leads Russians suddenly to invest in UK assets instead of Russian assets. What happens to UK net foreign investment?
Correct answer C. UK net foreign investment falls
Traditionally, Indonesia has been listed as a chief exporter of which of these commodities?
Correct answer B. Sugar
Which statement about trade policy is correct?
Correct answer B. A country's trade policy has no impact on the size of its trade balance
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What is the situation called in which a debtor is unable to pay creditors in full?
Correct answer A. Bankruptcy
Which group would NOT benefit from an EU import quota on Japanese cars?
Correct answer C. EU farmers who export grain
What is a stock that sells at a high price called?
Correct answer D. All of these
An export subsidy should have the opposite effect to which of these?
Correct answer A. A tariff
A budget is an estimate of income and a plan for expenditure. What is a budget deficit?
Correct answer B. More public spending than amount of revenue