
chapter 5 tmqt
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Phương Bùi
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The concept “terms of trade” means
the amount of exports sold by a country.
the price conditions bargained for in international markets.
the price of a country's exports divided by the price of its imports.
the quantities of imports received in free trade.
None of the above.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country cannot produce a mix of products with a higher value than where
the isovalue line intersects the production possibility frontier.
the isovalue line is tangent to the production possibility frontier
the isovalue line is above the production possibility frontier.
the isovalue line is below the production possibility frontier
the isovalue line is tangent with the indifference curve.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tastes of individuals are represented by
the production possibility frontier.
the isovalue line.
the indifference curve
the production function.
None of the above.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If PC / PF were to increase in the international marketplace, then
all countries would be better off.
the terms of trade of cloth exporters improve
the terms of trade of food exporters improve.
the terms of trade of all countries improve.
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If PC / PF were to increase,
the cloth exporter would increase the quantity of cloth exports.
the cloth exporter would increase the quantity of cloth produced
the food exporter would increase the quantity of food exports.
Both A and C.
None of the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If PC / PF were to increase,
world relative quantity of cloth supplied and demanded increases.
world relative quantity of cloth supplied and demanded decreases.
world relative quantity of cloth supplied increases..
world relative quantity of cloth demanded decreases .
None of the above.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the production possibility frontier shifts out relatively more in one direction, we have
biased growth
unbiased growth
immiserizing growth.
balanced growth
imbalanced growth
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