International Economics-Tariff and Non-Tariff Barriers to Trade [GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1)]: Questions 1 - 3 of 35
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Question 1
Appeared in Year: 2013
Question MCQ▾
Which of the following is related with optimum currency area? (December)
Choices
Choice (4) | Response | |
---|---|---|
a. | Optimal geographical area for a single currency | |
b. | Optimal geographical area for several currencies whose exchange rates are relatively pegged | |
c. | Single currency or the pegged currencies fluctuate jointly visa- vis other currencies | |
d. | Question does not provide sufficient data or is vague |
Question 2
Appeared in Year: 2013
Question Match List-Ⅰ List-Ⅱ▾
Match List-I with List-II: (December)
List-Ⅰ (Author) | List-Ⅱ (Theory) |
---|---|
(A) Hamilton List | (i) Elasticity approach |
(B) Jacob Viner | (ii) Trade creation and Trade diversion effects |
(C) Marshall- Learner | (iii) Impoverishing growth |
(D) F. Y. Edgeworth | (iv) Indian Industry |
Choices
Choice (4) | Response | |
---|---|---|
| ||
a. |
| |
b. |
| |
c. |
| |
d. |
|
Question 3
Appeared in Year: 2013
Question MCQ▾
The imposition of an import tariff by a large nation (December)
Choices
Choice (4) | Response | |
---|---|---|
a. | worsens the nation՚s terms of trade but increases the volume of trade | |
b. | worsens the nation՚s terms of trade and reduces the volume of trade. | |
c. | usually improves the nation՚s terms of trade but reduces the volume of trade. | |
d. | usually improves the nation՚s terms of trade and increases the volume of trade. |