Description : Theory of international trade was given by:- A. Adam Smith B. Ricardo C. Hicks D. Ohlin
Last Answer : Ricardo
Description : The theory of Comparative cost advantage is given by A. David Ricardo B. Adam Smith C. F W Taussig D. Ohlin and Hecksher
Last Answer : A. David Ricardo
Description : The Theory of Relative Factor Endowments is given by A. David Ricardo B. Adam Smith C. F W Taussig D. Ohlin and Hecksher
Last Answer : D. Ohlin and Hecksher
Description : The Theory of Absolute Cost Advantage is given by A. David Ricardo B. Adam Smith C. F W Taylor D. Ohlin and Heckscher
Last Answer : B. Adam Smith
Description : According to Heckscher and Ohlin theory, what is considered in international Business? A. Difference in factor endowments B. Difference in markets C. Difference in technology D. Difference in ideology
Last Answer : Difference in factor endowments
Description : ” If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this? (a) Adam Smith (b) David Ricardo © J.S Mill (d) None of them.
Last Answer : (b) David Ricardo
Description : The Liquidity Preference Theory of Interest was propounded by : (1) J.M. Keynes (2) David Ricardo (3) Alfred Marshall (4) Adam Smith
Last Answer : (1) J.M. Keynes Explanation: In macroeconomic theory, liquidity preference refers to the demand for money, considered as liquidity. The concept was first developed by John May-nard Keynes in his book ... Money (1936) to explain determination of the interest rate by the supply and demand for money.
Description : ‘Wage Fund Theory’ has been given by (a) Adam Smith (b) Malthus (c) David Ricardo (d) J.S. Mill
Last Answer : (c) David Ricardo
Description : The theory of Comparative Advantage was propounded by (a) Adam Smith (b) David Ricardo © J.S. Mill (d) None of them.
Description : The theory of Absolute Advantage was propounded by (a) Adam Smith (b) David Ricardo © J. S Mill (d) None of them.
Last Answer : (a) Adam Smith
Last Answer : J.M. Keynes
Description : According to this theory the holdings of a country’s treasure primarily in the form of gold constituted its wealth. A. Gold Theory B. Ricardo Theory C. Mercantilism D. Hecksher Theory
Last Answer : C. Mercantilism
Description : ----------is known as father of economics (a) Adam Smith ; (b) Professor A Samulson ; (c) Alfred Marshall ; (d) J R Hicks
Last Answer : (a) Adam Smith ;
Description : Which statement reflects the best beliefs of Adam smith Tomas malthus and david ricardo?
Last Answer : We don’t have your statements so can’t provide an answer.
Description : J. B. Say's Law of Market was not accepted by - (1) Adam Smith (2) Marshall (3) Malthus (4) David Ricardo
Last Answer : (2) Marshall Explanation: Malthus opposed what has come to be described as Say's Law: that supply creates its own demand. He rejected the proposition that the demand for ... productivity increased significantly, demand would not necessarily match supply and gluts of commodities might result.
Description : Who said 'Supply creates its own demand'? (1) Adam Smith (2) J.B.Saw (3) Marshall (4) Ricardo
Last Answer : (2) J.B.Saw Explanation: "Supply creates its own demand" is the formulation of Say's law by John Maynard Keynes. The rejection of this doctrine is a central component of The General Theory of ... when there are too many means of production applied to one kind of product and not enough to another
Description : The General Equilibrium Analysis" was developed by - (1) Marshall (2) Ricardo (3) Walras (4) Adam Smith
Last Answer : (3) Walras Explanation: French economist Leon Walras put forward the General Equilibrium Theory in his pioneering 1874 work 'Elements of Pure Economics'. The theory attempts to explain the functioning of ... tried to show how and why all free markets tended toward equilibrium in the long run.
Description : Who is called the Father of Economics? (1) J.M. Keynes (2) Malthus (3) Ricardo (4) Adam Smith
Last Answer : (4) Adam Smith Explanation: Adam Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and An Ingully into the Nature and Causes of the Wealth of Nations (1776 ... father of modern economics and is still among the most influential thinkers in the field of economics today.
Description : Which of the following economists is called the Father of Economics? (1) Malthus (2) Robinson (3) Ricardo (4) Adam Smith
Last Answer : (4) Adam Smith Explanation: Adam Smith, a Scottish moral philosopher and a pioneer of political economy, is cited as the "father of modern economics." He is best known for two classic works: The ... Wealth of Nations (1776). The Wealth of Nations is considered as the first modern work of economics.
Description : J. B. Say’s Law of Market was not accepted by : (1) Adam Smith (2)Marshall (3) Malthus (4) David Ricardo
Last Answer : Marshall
Description : ”The General Equilibrium Analysis” was developed by (1) Marshall (2) Ricardo (3) Walras (4) Adam Smith
Last Answer : Walras
Description : Who said ‘Supply creates its own demand’? (1) Adam Smith (2) J.B.Saw (3) Marshall (4) Ricardo
Last Answer : J.B.Saw
Last Answer : Adam Smith
Description : In terms of the PESTLE analysis, the liberalizing of international trade and tariff regimes could go in which section or sections? A. Political B. Legal C. Political and economic and legal D. Political and environmental
Last Answer : Political and environmental
Description : International trade and domestic trade differ because of A. Trade restrictions B. Immobility of factors C. Different government policies D. All of the above
Last Answer : All of the above
Description : The main objective of International Monetary Fund (IMF) was to A. Promote International trade B. Help economically backward countries C. Maintain stable exchange rates D. Promote international liquidity
Last Answer : Help economically backward countries
Description : Competitive advantage based on the creation of opportunities using internal resources is characterized by which approach/view? A. The positioning approach B. The outside-in approach C. The resource-based viewD. The knowledge-management approach
Last Answer : The resource-based view
Description : According to Heckscher and Ohlin there are two bases of international trade (a) coparative advantage and absolute advantage (b) gains from trade and cost of trade. © difference in factor endowments and differences in factor intensities. (d) none of them.
Last Answer : © difference in factor endowments and differences in factor intensities.
Description : According to Porter, dealing with the paradox of premature commitment versus not enough commitment involves some kind of: A. Trade-off B. Lock-in C. Lock-outD. Diversification
Last Answer : Lock-out
Description : Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above
Last Answer : Ratio of prices of exports and imports
Description : Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)
Last Answer : Both (a) and (b)
Description : Two countries can gain from foreign trade if A. Cost ratios are differentB. Price ratios are different C. Tariff rates are different D. (a) and (b) above
Last Answer : (a) and (b) above
Description : A tariff: A. Increases the volume of trade B. Decreases the volume of trade C. Has no effect on the volume of trade D. Both (b) and (c)
Last Answer : Decreases the volume of trade
Description : Trade between two countries can be useful if cost ratio of goods are A. Equal B. Different C. Undetermined D. Zero
Last Answer : Different
Description : If Japan and Pakistan start free trade, cost of wages in two countries will A. Increase B. Decrease C. No effectD. Double
Last Answer : Decrease
Description : Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.
Last Answer : Trade barriers and controls on inflows of foreign direct investment.
Description : Which of the following do NOT facilitate globalization? A. Improvements in communications B. Removal of barriers to trade and investment C. Immigration controlsD. Removal of controls on movement of capital across borders
Last Answer : Immigration controls
Description : Globalization refers to: A. A more integrated and interdependent world B. Less foreign trade and investment C. Global warming D. Lower incomes worldwide
Last Answer : . A more integrated and interdependent world
Description : The gains from two nations depend on A. Domestic barter rates B. Different in the domestic barter rates of the two countries C. Terms of trade D. Degree of absolute advantage.
Last Answer : Terms of trade
Description : The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows
Last Answer : Balance of trade plus net invisible exports
Description : Quantitative restrictions refer to limit set by countries to curb A. Measures that affect trade in goods. B. Measures that lead to restrictions in quantities. C. Discouraging measures that limit a company’s imports. D. Discouraging measures that limit a company’s exports.
Last Answer : Discouraging measures that limit a company’s exports.
Description : As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn't consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are ... and trade have to be cut back. D. Least developed countries do not need to make any cuts.
Last Answer : Indirect assistance and support to farmers including R & D support by govt. are not permitted.
Description : Who is called as the 'founding father of modern economics'? a) Adam Smith b) John Maynard Keynes c) F. Hayek d) Samuelson
Last Answer : a) Adam Smith Adam Smith's “1776 book "An Inquiry into the Nature and Causes of the Wealth of Nations"― many of the major ideas that we use in economics today
Description : Which is the right sequence of stages of Internationalization? a. Domestic, Transnational, Global, International, Multinational b. Domestic, International, Multinational, Global, Transnational ... , International, Transnational, Global d. Domestic, International, Transnational, Multinational, Global
Last Answer : Domestic, International, Multinational, Global, Transnational
Description : IBRD also known as _____. a. Exim Bank b. World Bank c. International Monetary fund d. International Bank
Last Answer : World Bank
Description : IBRD stands for _____. a. International Board for Research and Development b. International Bank for Reconstruction and Development c. International Bank for Research Development d. International Barrier For Reconstruction and Development
Last Answer : International Bank for Reconstruction and Development
Description : Buying and selling of products and services from firms in other countries is called A. importing and exporting B. regional alliances C. national alliances D. international alliances
Last Answer : importing and exporting
Description : Classification of international employees include A. expatriates B. host country nationals C. third country nationals D. all of the above
Last Answer : all of the above