Business series 3

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Created on By wefru

Businesses Series 3

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21. The main watchdog of international trade is

 

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22. Who is the Chairman of NDC?

 

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23. India is not a member of

 

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24. Stagflation means

 

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25. 'Level playing field' argument of industries requires

 

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26. Which two of the following are the most likely effects of the imposition of a tariff on an imported good?

  1. The domestic price of the imported good will fall
  2. Overseas production of the good may be stimulated
  3. Overseas employment will rise
  4. Gain of tax revenue by the government

7 / 10

27. Which two of the following arguments are most likely to be used to justify protectionism?

  1. To protect high cost domestic industries
  2. To protect strategically important industries
  3. To protect industries which are still immature
  4. To maximise government tax revenue

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28. A protectionist measure whereby members of a regional trading bloc agree to impose an identical rate of protection on all goods imported from non-member countries.

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29. A situation where any advantage given by one member of the WTO to another member must be extended to all WTO members.

 

 

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30. MNCs are in a good position to vary their strategies in different phases of the product life cycle. For instance in the ______________ phase(s) they will usually ___________

 

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