
Firm Responses to Trade, Trade Cost & Export Decisions, FDI
Authored by Loan Duongthingoc
Business, Mathematics
University
Used 6+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In the model of monopolistic competition, compared to a firm with a higher marginal cost, a firm with a lower marginal cost will set a ________ price, produce ________ output, and earn ________ profits.
A) lower; more; more
B) higher; more; more
C) lower; less; less
D) higher; less; less
E) higher; less; more
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In the model of monopolistic competition, an increase in industry output will cause individual firms' demand curves to become ________, which will ________ demand for higher-priced goods and ________ demand for lower-priced goods.
A) steeper; reduce; increase
B) flatter; increase; reduce
C) flatter; reduce; increase
D) steeper; increase; reduce
E) horizontal; reduce; reduce
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In the model of monopolistic competition, an increase in industry output will ________ market shares and ________ profits of producers of higher-priced goods and will ________ market shares and ________ profits of producers of lower-priced goods.
A) reduce; increase; increase; reduce
B) increase; increase; reduce; reduce
C) increase; reduce; increase; reduce
D) reduce; increase; reduce; increase
E) reduce; reduce; increase; increase
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In the model of monopolistic competition, trade costs between countries cause
A) all firms that can earn a profit on domestic sales to export their goods at higher prices
B) marginal costs of goods sold domestically to exceed the marginal costs of exported goods
C) all firms that can earn a profit on domestic sales to export their goods at lower prices
D) marginal costs of exported goods to exceed the marginal costs of goods sold domestically
E) countries to negotiate the elimination of trade costs by mutual subsidization of trade
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In the model of monopolistic competition, trade costs between countries will cause domestic and foreign markets to have ________ prices, ________ quantities sold, and ________ profit levels.
A) identical; different; different
B) different; different; different
C) different; different; identical
D) identical; different; identical
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The most common form of price discrimination in international trade is
A) dumping
B) non-tariff barriers
C) Voluntary Export Restraints
D) preferential trade arrangements
E) product boycotts
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When a multinational affiliate replicates production in a foreign country it is called ________ foreign direct investment.
A) bisectional
B) vertical
C) transitional
D) horizontal
E) direct
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