For a country with relatively lower level of cost of living PPP per capita GNI will be

Related MCQs

• …………………corporation produces in the home country or in a single country and focuses on marketing these products globally or vice a versa.
• In the foreign exchange market, the ________ of one country is traded for the ________ of another country.
• In the foreign exchange market, the ________ of one country is traded for the ________ of another country.
• The income level of residents in a country is indicated by
• _______________ occurs when production shifts to more efficient producers for reasons of comparative advantage, allowing consumers access to more goods at a lower price than would have been possible without integration.
• Lower power distance countries are characterized by
• Country A has an absolute advantage in
• According to this theory, the holdings of a country’s treasure primarily in the form of gold constituted its wealth.
• Locational advantages are based on which combination of the following specific country characteristics
• _______________ occurs when trade shifts to countries in the group at the expense of trade with countries not in the group, even though the nonmember country might be more efficient in the absence of trade barriers.