B) It must be adopted by countries as a precondition to joining the EU. A country’s trade policy has no impact on the size of its trade balance D. a. a. Explain ineach case.a. a. The domestic slave trade was facilitated by the spread of cotton production. Which of the following statements about trade secrets is true? A. "If demand is perfectly inelastic, there are no gains from trade." Which of the following statements about trade promotions is true? here you will find the the Baisc to Advance and most Important Economics Mcqs for your test preparation. Most slaves sold domestically were transported to the Upper South. "The greater the elasticity of demand, the greater the gains from trade." 4. 42. asked Jul 31, 2019 in Business by LeilanGirl. c. It increases the economic risk for multinational companies. “Certain talented people have a comparativeadvantage in everything they do.”c. c. "If demand is perfectly inelastic, consumers do not benefit from trade." Which of the following statements best reflects the task system of labor, from a slave's perspective? Trade is the two-way flow of exports and imports of goods and O Access database files have a .txt extension. © 2003-2020 Chegg Inc. All rights reserved. True An ________ is an independently owned intermediary connecting hundreds of online suppliers offering millions of maintenance and repair products to business firms that pay fees to join the market. 4) All of the listed choices. PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION. The EU was created to secure the independence of all European countries. B.The economic costs and benefits of trade barriers are about equal. Which of the following statements regarding manufacturing is not true? C. Trade Does Not Influence Culture. The Phoenician civilization lived in the mountains of Greece. Which of the following statements is true of trade secrets? C. A restrictive import quota decreases a country’s net exports A. B. A)They are the major source of government revenue in developed nations. Which of the following statements about the euro is true? For each of following statements, state whether it is true or false. Multiple Choice A.It is impossible to estimate the benefits of trade barriers. It offers companies an invaluable source of new ideas. Which of the following is a TRUE statement? b. They typically benefit foreign producers at the expense of domestic consumers. Assuming there are no economies of scale, which of the following statements is true? D. A restrictive imports quota increases a country’s net exports. Which of the following statements is true of tariffs? Consider a country that imports a good from abroad. The EU created a free trade agreement with the United States. All of the following statements are true regarding a trade or business except A- the taxpayer should have evidence that they are engaged in a trade or business B- The taxpayer must make a profit in the business within the first three years C- A trade or … Which of the following statements is true of foreign trade zone? It includes the cost of establishing manufacturing operations in the host country. Explain your answer. “Two countries can achieve gains from trade evenif one of the countries has an absolute advantagein the production of all goods.”b. Trade secrets are protected under state law. Which of the following is true of exporting? Which of the following statements is not true of the ancient Phoenicians? Reports To Shareholders Often Omit The Details Of Revenue And Show Only Net Revenue. 46. The gains from open trade are always greater than the 3) Free trade is beneficial only if both countries have access to the same technology. The following is a list of statements relating to the impact of free trade on wages and employment. A country’s trade policy has no impact on the size of its trade balance B.