International agricultural trade questions.
Find International agricultural trade university examination questions in acaproso.com
| # | Question |
|---|---|
| 1 | Consumer taste and preference is important in determining trade flows thus the in-and out flow of resources from one country to another. True OR False |
| 2 | While improved technology allows a country to consume more by moving to a higher production possibilities curve, international trade allows a country to consume more without moving out existing production possibilities curve. True OR False |
| 3 | Due to structural constraints in Africa , Bilateral trade agreements may not have significant effects to African access to developed country markets. True OR False |
| 4 | Food safety regulations by themselves are not trade barriers but they can become trade barriers if they are not scientifically justifiable. True OR False |
| 5 | Trade disputes can be settled by dispute settlement schemes in WTO, but all claims must be scientifically researched and approved. True OR False |
| 6 | Export subsidy is a trade policy that facilitate exporters in accessing export market thus protects domestic industry. True OR False |
| 7 | With free trade importing country gains from trade because due to decrease in price consumer surplus is positive and larger than producers surplus. True OR False |
| 8 | With free trade exporting country gains from trade because due to decrease in price producer surplus is positive and larger than consumer surplus. True OR False |
| 9 | Both consumers and producers in a country will gain from trade as long as the trade is legal. True OR False |
| 10 | When money is introduced in Ricardian model, the model fails to explain the role of comparative advantage in trading. True OR False |
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