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MIDTERM_231_fall_2010

MIDTERM_231_fall_2010 - PART A Multiple Choice Questions 1...

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PART A: Multiple Choice Questions [ 1 x 8 = 8 marks] 1. An import tariff imposed by a large country ………………. its terms of trade and an export subsidy …………………..its terms of trade. a. worsens, worsens. b. worsens,improves. c. improves, worsens. d. improves, improves. e. improves, does not change. 2. Immiserizing growth could occur to 3. A transfer payment ………….. the donor’s terms of trade if the donor has ……………….. marginal propensity to spend on its export good than the recipient. 4 . Intra-industry trade will tend to dominate trade flows when which of the following exists?
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