When a country’s import price relatively rises to its export prices,

Related MCQs

• When the export prices of a country relatively rises to its import prices, its terms of trade are said to have
• The ratio between the price of a country’s export goods to its import goods is called
• If export is less than import, there is a ….. in balance of trade.
• When government levies import duties which varies with prices of commodities imported , it is called
• Once import quota is levied on a commodity, the domestic price of the commodity
• According to physical criterion of the H-O theory of trade, a country is said to be relatively capital abundant if and only if
• A quota system which allows a certain specified quantity of a commodity to be imported duty free or at a low rate of import duty is
• Import quotas may be fixed either in terms of quantity or
• Import quotas include
• When import quotas are fixed after negotiations between the importing and exporting countries, it is known as