21.

which of the following is not a type of dumping?

A. Pervasive.

B. Persistent.

C. Predatory.

D. Sporadic.

22.

The US government introduced the trigger-price mechanism in the 1970's in response dumping in which industry? A. Steel.

B. Cotton.

C. Automobiles.

D. Consumer electronics.

23.

At which round of international trade negotiations were there numerous disagreements between The US and EU on reducing agricultural subsidies?

A. The Uruguay Round.

B. The Kennedy Round.

C. The Tokyo Round.

D. The Doha Round.

24.

The Mercantilists measure the wealth of a country by its stock of:

A. Gold and rubies.

B. Gold and silver.

C. Gold and the dollar.

D. Gold and the pound.

25.

Community indifference curves have how many points of tangency to their constraints?\

A. Two.

B. As many as there are trade partners.

C. One.

D. None.

26.

Equal rates of factor growth and/or technological progress in the production of two commodities is:

A. Immiserizing growth.

B. Endogenous growth theory.

C. Balanced growth.

D. Factor Endowment theory.

27.

Assume in base year 1990, the net barter terms of trade is equal to 100, and we find that, for the 2004 fiscal year the US price index for exports has fallen 7 percent and the price index for imports has risen by 5 percent. What is the value of the US net barter terms of trade?

A. 64.4.

B. 101.2.

C. 88.6.

D. 112.5

28.

_____________ are international attempts to stabilize and increase the prices and earnings of the primary exports of developing nations.

A. Farm equalization committees.

B. Agricultural stabilization commissions.

C. Marketing boards.

D. International commodity agreements.

29.

When an investor purchases _____________, then he/she is purchasing a claim on the net worth of the firm. A. Stock.

B. A mutual fund.

C. Real estate.

D. A Bond.

30.

If capital (K) is free to move internationally, then K will flow from the nation with ____________, to the nation with ___________ until the returns have been equalized between countries.

A. Higher K returns; lower K rerurns.

B. Lower K returns; higher K returns

C. Higher labor returns; lower labor returns.

D. Lower labor returns; lower capital returns.