Autarky - Samenvattingen, Aantekeningen en Examens

ILTS Exam Questions with all Answers .1 cup - ANSWER-.235 liter .1 gallon - ANSWER-3.785 liters .1 inch - ANSWER-2.54 cm .1 mile - ANSWER-1.609 kilometer .1 oz - ANSWER-28.350 grams .1 pound - ANSWER-.454 kilogram .1 yard - ANSWER-.9144 meter .16 ounces or 2 cups - ANSWER-1 pint .16 oz - ANSWER-1 pound .1760 yds - ANSWER-1 mile .1787 Northwest territory - ANSWER-Illinois, Fort Dearborn was built in Chicago .1809 Illinois Territory Created - ANSWER-Kaskaskia as c...

AAA ratings - Answer The highest possible rating that may be assigned by a credit rating agency for a bond absolute quota - Answer A quota that strictly limits the quantity of goods that may enter a country. Ad valorem tariffs - Answer Import taxes based on a fixed percentage of the assessed commercial value of imported goods algorithms - Answer A process or set of rules to be followed in calculations especially by a computer agility - Answer ability to move quickly and easily antimonop...

ECON 333 Exam 2 Practice Exam Latest Verified Review 2023 Practice Questions and Answers 100% Correct with Explanations Paper Midterm Fall For Exam Preparation Highly Recommended Graded A+ 1. If Canada imposes a tariff on coffee and if no coffee is grown in Canada, this tariff: A. has only protective effects. B. has no revenue effects. C. would be considered a pure revenue tariff. D. all of the above are correct. 2. Trade adjustment assistance (TAA) A. provides transfer payments...

Who did Hitler's Four-Year-plan involve? Hitler, He put Goering in charge of it and allocating resources What 4 things did Hitler want to achieve though his 4-year-plan? 1. To increase agricultural production. So that when they go inevitably to war, they will have their own food and can cut trade supplies 2.Retrain key sectors of the work force. 3. Government regulation of imports and exports 4. To achieve self-sufficiency in the production of raw materials. Working towards Autarky: Sel...

CHAPTER ONE WORLD TRADE AND THE NATIONAL ECONOMY INTERNATIONAL ECONOMICS - A DEFINITION International economics is concerned with: "... the exchange of goods, services, factors of production and capital across national boundaries". Module ECS302 is concerned with the flow of goods, services, labour and direct foreign investment (DFI) between countries. On the other hand, module ECS303 examines the exchange of financial assets and liabilities, and the monetary aspects of interna...

Assume that labor is the only factor of production and that wages in the United States equal $20 per hour while wages in Japan are $10 per hour. Production costs would be lower in the United States as compared to Japan if A. U.S. labor productivity equaled 40 units per hour and Japan's 15 units per hour. B. U.S. productivity equaled 30 units per hour whereas Japan's was 20. C. U.S. labor productivity equaled 20 and Japan's 30. D. U.S. labor productivity equaled 15 and Japan's 25 units...

6. In the exporting country, an export subsidy will: a. Help consumers and increase the overall economic welfare of the exporting country. b. Hurt consumers but increase the overall economic welfare of the exporting country. c. Hurt consumers and decrease the overall economic welfare of the exporting country. d. Help consumers but decrease the overall economic welfare of the exporting country. 7. One reason why consumers are unlikely to be too upset about most tariffs is because: a. ...

The difference between the money values of a country's visible imports and exports - -The balance of trade -The difference between what a country pays for all it imports and receives for all its exports - -The balance of payments -Imposing trade barriers in order to restrict imports - -Protectionism -Quantitative limits on the import of particular products or commodities - -quota -Taxes charged on imports - -tariffs -Visible trade (GB) or merchandise trade (US) - -Trade in goods ...

Econ 4520 Exam 3 Review Questions and Answers 2023 What factors are important in determining the length of the imitation and the length of the demand lag? imitation lag influenced by: -barriers to obtaining information regarding the production process -the existence of patents -the length of time needed to learn the production process even after the information is obtained -the extent to which multinational companies exist in the industry demand lag influenced by: -the degree to which ...

Hayek - The Use of Knowledge in Society - ANSWER -Complexity of pricing is so complex no person can determine it. -Argued that decision-making must be decentralized to take into account this dispersed knowledge -No one person is as knowledgeable as all of us together. -Markets provide a systemic process that allows us to pool our individual knowledge. -Business people make decisions using price signals. -Price signals allow for sophisticated coordination even when individuals have never me...