Omega College Economics Final 307

Omega College Economics Final 307

Professional Development

12 Qs

quiz-placeholder

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Omega College Economics Final 307

Omega College Economics Final 307

Assessment

Quiz

Business

Professional Development

Easy

Created by

Randolph Minnis

Used 3+ times

FREE Resource

12 questions

Show all answers

1.

OPEN ENDED QUESTION

15 mins • 1 pt

Describe what is considered the Infant Industry Argument and state whether or not it would be beneficial in the new Bahamian economy as the country obtains WTO status? The government announced at one of its press briefings that it would adopt this strategy to protect the hand sanitizer manufacturers. Would this be supported under the WTO?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

5 mins • 1 pt

How does imperfect competition affect the Bahamas strategic trade policy? Cite a real world example to support your position.

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

5 mins • 1 pt

With oil being at historical lows can you recommend an economic tool that BPL employ as strategy? What impact would this have on the consumers? Can it be a lasting strategy?

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OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe using example two of the three characteristics of Money.

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OFF

5.

OPEN ENDED QUESTION

5 mins • 1 pt

Should the Bahamas convert its reserve currency to the Gold standard? What would be one advantage to the Bahamas?

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OFF

6.

OPEN ENDED QUESTION

5 mins • 1 pt

The Central Bank has pegged the B$ to the US $ based on your reading what are some of the trading advantages to the Bahamas because of this?

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OFF

7.

OPEN ENDED QUESTION

5 mins • 1 pt

Describe 2 of the gains from Trade related specifically to Capital Market Trade? Are they prevalent in the Bahamas? Why or Why not?

Evaluate responses using AI:

OFF

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