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2 Man eco (Midterms)

BSAIS 1-1 Borc
1
추가된 문제 (20/ 20)
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문제 1

선택형

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

문제 2

선택형

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

  • Goods
  • Tariff
  • services

문제 3

선택형

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.

문제 4

선택형

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)
힌트

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

문제 5

선택형

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

문제 6

선택형

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

문제 7

선택형

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.

문제 8

선택형

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.

문제 9

선택형

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

문제 10

선택형

primarily fund government expenditure

  • Kupit
  • Tariff
  • Tax

문제 11

선택형

regulate international trade

  • Tariff
  • taxes
  • Revenue

문제 12

선택형

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

  • Revenue Generation
  • Scope
  • Purpose

문제 13

선택형

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

문제 14

선택형

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

  • yes na yes
  • parang?

문제 15

선택형

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

  • Financial Account yan boang
  • tama lang

문제 16

선택형

ano ang bop

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

문제 17

선택형

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.

문제 18

선택형

OMO means

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

문제 19

선택형

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

  • Fiscal
  • Fiscal policy
  • Physical policy

문제 20

선택형

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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