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2 Man eco (Midterms)

BSAIS 1-1 Borc
1
Idinagdag na problema (20/ 20)
Huwag payagan ang maling sagot
Itago ang sagot
public na pagsusulit

problema 1

pumili

This is what we often call the infant industry argument. The infant industry is an industry that is just growing and requires a friendly environment to thrive.

  • Protect emerging industries (tie-up)
  • Essential of International Economics
  • Mercantilism

problema 2

pumili

tax imposed by a country on the goods and services imported from another country.

  • Goods
  • Tariff
  • services

problema 3

pumili

Why Governments Impose Tariffs

  • Raise revenues, Protect domestic industries, Protect domestic consumers, Protect national interests
  • Make a market predictable, Support a nation's goals, Open negotiations and Produce revenues
  • Tariffs are primarily used to control and regulate the flow of goods across international borders.

problema 4

pumili

signed in 1947 by 23 countries, is a treaty minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies.

  • GATT Replaced by the World Trade Organization (WTO)
  • Purpose of the General Agreement on Tariffs and Trade (GATT)
  • General Agreement on Tariffs and Trade (GATT)
Senyales

It was intended to boost economic recovery after World War II.

problema 5

pumili

The General Agreement on Tariffs and Trade (GATT) was signed by 23 countries in October 1947, after World War II, and became law on Jan. 1, 1948

  • OO HAHAHAHA
  • LUH BALIW HINDI

problema 6

pumili

Purpose of the General Agreement on Tariffs and Trade (GATT)?

  • set up to eliminate protectionism, get countries trading freely among themselves, and help restore economic prosperity following the devastation of World War II.
  • That was essentially its goal. GATT sought to push the world toward a reality where goods and services are exchanged among countries without tariffs, quotas, favoritism, or discrimination.
  • Essential of International Economics

problema 7

pumili

GATT a Free Trade Agreement?

  • is better positioned to carry them out because, among other things, it is better versed in issues like intellectual property, has a faster dispute settlement system, and wields more power.
  • That was essentially its goal. GATT sought to push the world toward a reality where goods and services are exchanged among countries without tariffs, quotas, favoritism, or discrimination.
  • GATT held eight rounds of trade negotiations in total, from April 1947 to December 1993, and each had significant achievements and outcomes.

problema 8

pumili

Why Was GATT Replaced by the World Trade Organization (WTO)?

  • largely successful in reaching its goal, was said to lack a coherent institutional structure. In short, it was a legal agreement acting as an international organization
  • free trade ethos put an end to a dark period of protectionism and economic hardship
  • paving the way for decades of economic growth and increased globalization.

problema 9

pumili

The world would be a very different place without GATT. Its free trade ethos put an end to a dark period of protectionism and economic hardship that led to World War III

  • Oo baks
  • hala hindi

problema 10

pumili

primarily fund government expenditure

  • Kupit
  • Tariff
  • Tax

problema 11

pumili

regulate international trade

  • Tariff
  • taxes
  • Revenue

problema 12

pumili

Taxes apply to domestic transactions and income, whereas tariffs affect imports and exports.

  • Revenue Generation
  • Scope
  • Purpose

problema 13

pumili

is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world

  • Foreign Exchange market- The market (also known as forex, FX, or the currencies market)
  • Foreign Exchange Rate Determination
  • The balance of payments

problema 14

pumili

Current account: Marks the inflow and outflow of goods and services.

  • yes na yes
  • parang?

problema 15

pumili

Capital account: Records financial transactions, including direct investment, portfolio investment, and other investment

  • Financial Account yan boang
  • tama lang

problema 16

pumili

ano ang bop

  • Balance of Portfolio
  • Balance of Payment
  • Balance of Trade

problema 17

pumili

Expansionary

  • During times of slowdown or a recession, an expansionary policy grows economic activity. By lowering interest rates, saving becomes less attractive, and consumer spending and borrowing increase.
  • policy increases interest rates and limits the outstanding money supply to slow growth and decrease inflation, where the prices of goods and services in an economy rise and reduce the purchasing power
  • higher money supply and attractive interest rates stimulate business activities and expansion of the job market.

problema 18

pumili

OMO means

  • on my own by Donalyn
  • Open Market Operations
  • Objective Money operations

problema 19

pumili

refers to the use of government spending and tax policies to influence economic conditions.

  • Fiscal
  • Fiscal policy
  • Physical policy

problema 20

pumili

basically means an attitude to a particular issue or a point of view or perspective/outlook or approach.

  • Standpoint
  • Stance
  • Staypoint
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