ECON333_practiceforexam2-5

ECON333_practiceforexam2-5 - ECON 333 Exam 2 : Ch....

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Unformatted text preview: ECON 333 Exam 2 : Ch. 7,8,12,13 Practice questions MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A(n) ________ is an example of a quota where foreigners hold quota licenses. 1) _______ A) auction quota B) vol unta restraint embargo D) All of 2) Export subsidies lead to 2) ____ ___ g r e a t e r p r od uc tio n of ex po rta bl es gr eat er production of importables Lower domestic prices D) None of the above. 3) In U.S. trade law, the ________ allows for the impositio n of restriction s on fairly traded imports that cause or threaten harm to domestic industry. 13) ____ __ fair trade law B) co unte escape clause D) G AT 4) The current account is equal to 4) ____ ___ S- I B) T- G I + X D) C + I + G 5) Suppose in London...
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This note was uploaded on 08/25/2009 for the course ECON 333 taught by Professor Yavas,cemilepan,lu during the Fall '06 term at Penn State.

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ECON333_practiceforexam2-5 - ECON 333 Exam 2 : Ch....

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