
Econ practice part 4
Authored by Trevor Turner
Business
University
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If labor is abundant in India, but capital is scarce, when India opens to trade, the price of labor will _____, and the price of capital will _____.
rise; rise
fall; fall
rise; fall
fall; rise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If labor is scarce in Germany, but capital is abundant, when Germany opens to trade, the price of labor will _____ and the price of capital will _____.
rise; rise
fall; fall
rise; fall
fall; rise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a single year, Argentina can raise 100 tons of beef or produce 1,000 boxes of tulips. In the same growing season, Venezuela can raise 50 tons of beef or produce 750 boxes of tulips. When the two countries begin trading beef for tulips, we expect the price of beef in Argentina:
to fall.
to rise
to remain at the autarky price.
to be 10 boxes of tulips.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Policies that limit imports, usually to insulate domestic producers from foreign competition, are known as:
import-competing clauses.
import reduction acts.
trade protection.
competition protection.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Restrictions on free international trade in lumber, designed to insulate domestic lumber producers from competitive market forces, are _____ policies.
competitive
protectionist
free-trade
antitrust
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the United States reduced tariffs on all softwood lumber, domestic _____ surplus would _____.
producer; increase
total; decrease
consumer; decrease
producer; decrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If France levies tariffs on American goods entering France, in the short run, this will tend to _____ American producers and _____ French producers.
benefit; benefit
harm; benefit
benefit; harm
harm; harm
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
25 questions
Quiz sur les Canaux et Outils de Communication
Quiz
•
5th Grade - University
25 questions
ACCTG 106-ASSIGNMENT 1
Quiz
•
University
25 questions
Chapter 10: Customer Relationship Management
Quiz
•
University
25 questions
GST
Quiz
•
University
25 questions
MKT008 P2 Quiz
Quiz
•
University
25 questions
Chapter 1 + 2 - Minitest 1
Quiz
•
University
25 questions
Intro to Logistics Operations Quiz
Quiz
•
University
25 questions
Green Accounting and Sustainability Quiz
Quiz
•
University
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Business
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
7 questions
Force and Motion
Interactive video
•
4th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
5 questions
Poetry Interpretation
Interactive video
•
4th Grade - University
19 questions
Black History Month Trivia
Quiz
•
6th Grade - Professio...
15 questions
Review1
Quiz
•
University
15 questions
Pre1
Quiz
•
University