The US is importing down pillows.

The world price of these

pillows is $25. the US imposes a $10 tariff on pillows. The US
is a price taker in the pillow market. As a result of the tariff...
A. US consumers of pillows will gain and the US producers will
lose
B. US consumers of pillows will lose and US producers will gain
C. US consumers of pillows will gain and US producers will gain
D. US consumers of pillows will lose and US producers will lose

Countries usually impose restrictions on free foreign

trade to...
A. Protect foreign producers
B. Protect foreign consumers
C. Protect domestic producers
D. Protect domestic consumers

The infant industry argument...

A. Is based on the belief that protecting industries when they are young will pay
off later
B. Is based on the belief that protecting industries producing goods and services
for infants is necessary if country is have healthy children
C. Has the support of most economists
D. Has proven to be correct in nearly all cases

A tariff and import quota will both

A. Increase the quantity of imports and raise domestic price
B. Increase the quantity of imports and lower the domestic price
C. Reduce the quantity of imports and raise the domestic price
D. Reduce the quantity of imports and lower the domestic price

If a country allows trade and the domestic price of a good

is higher than the world price,
A. The country will become an exporter of the good

B. The country will become an importer of the coogd

C. The country will neither import nor export

D. Additional information about demand is needed to determine whether the

country will export or import the good

The US is importing down pillows. The world price of

these pillows is $25. the US imposes a $10 tariff on
pillows. The US is a price taker in the pillow market. As
a result of the tariff...
A. The US price of pillows will be $25 and the quantity of pillows
purchased will decrease
B. The US price of pillows will be $35 and the quantity of pillows
purchased will decrease
C. The US price of pillows will be $25 and the quantity of pillows
purchased will increase
D. The US price of pillows will be $35 and the quantity of pillows
purchased will increase
In the currency market what does the term Loonie, the little dollar refer
to ,
a)
b)
c)
d)

Nick name of Canadian Dolllar

S
D
D

Which one of the following institution is related to export financing and

insurance ?
a) ECGC
b) EXIM
c) Cd
d) Df

Which of the following is not a member of Shanghai Cooperation

Organization?
[A] Russia
[B] Kazakhstan
[C] Uzbekistan
[D] South Korea

InwhichSilkRoadcountrywasSt.Nicholas(SantaClaus)born,

andinwhichSilkRoadcountryistheVirginMarybelievedto
havedied?
1)
Turkey
2)
Lebanon
3)
Syria
4)
Iran
QUESTION:WhichdynastyinChinaiscreditedwithopening
uptheSilkRoad?
1) QinDynasty
2) HanDynasty
3) XinDynasty
4) JinDynasty

QuestionTheFourAsianTigersisthetermusedforthefour
highlydevelopedcountriesofAsiawhichunderwentrapid
industrializationandmaintainedexceptionallyhighgrowthrates.
Whichofthefollowingarenotoneofthesecountries
a)
China
b)
South Korea
c) Singapore
d)
Hong Kong
Which Among the following has become one of the first port in India in
logistics data tagging of the container
a) Jawaharlal Nehru Port
b) Kandla Port
c) Mumbai port

The Atlantic slave trade or transatlantic slave trade took place across
the Atlantic Ocean from the 15th through 19th centuries. The vast
majority of those who were enslaved and transported to the New World,
were West Africans from the central and western parts of the continent
who had been sold by other western Africans to western European slave
traders, with a small minority being captured directly by the slave traders
in coastal raids, and brought to the Americas.
What is the transatlantic slave trade sometimes called?
The Triangular Trade
The Middle Passage
The Treaty of Utrecht

8. A common use for a "RORO" vessel is a _______ ?

car carrying ferry
harbor tug
lifeboat
livestock transport