CHAPTER_7_TRADE_POLICIES_FOR_THE_DEVELOPING_NATIONS

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1、1. Whichofthefollowingisnotamajorfactorthatencouragesdevelopingnationstoforminternationalcommodityagreements? a. Inelasticcommoditysupplyschedules b. Inelasticcommoditydemandschedules c. Exportmarketsthattendtobeunstable d. SecularincreasesintheirtermsoftradeANSWER:  

2、dPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DESC:InternationalTradeandFi-DESC:InternationalTradeandFinanceTOPICS:  TradeProblemsoftheDevelopingNationsKEYWORDS:  BLOOM'S:Know

3、ledge2. Internationalcommodityagreementsdonot: a. Consistofconsumingandproducingnationswhodesiremarketstability b. Levyexportcutbackssoastooffsetrisingcommodityprices c. Utilizebufferstockstogeneratecommoditypricestability d. Increasethesupplyofcommoditiestopreventris

4、ingpricesANSWER:  bPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DESC:InternationalTradeandFi-DESC:InternationalTradeandFinanceTOPICS:  TradeProblemsoftheDevelopingNationsKEYWO

5、RDS:  BLOOM'S:Comprehension3. Concerningthepriceelasticitiesofsupplyanddemandforcommodities,empiricalestimatessuggestthatmostcommoditieshave: a. Inelasticsupplyschedulesandinelasticdemandschedules b. Inelasticsupplyschedulesandelasticdemandschedules c. Elasticsupplysc

6、hedulesandinelasticdemandschedules d. ElasticsupplyschedulesandelasticdemandschedulesANSWER:  aPOINTS:  1DIFFICULTY:  ModerateNATIONAL STANDARDS:  UnitedStates-BPROG:ReflectiveThinking-BPROG:AnalysisSTATE STANDARDS:  UnitedStates-PA-DESC:InternationalTradeandFi-DESC:I

7、nternationalTradeandFinanceTOPICS:  TradeProblemsoftheDevelopingNationsKEYWORDS:  BLOOM'S:Comprehension4. Ifthedemandscheduleforbauxiteisrelativelyinelastictopricechanges,anincreaseinthesupplyscheduleofbauxitewillcausea: a. Decreaseinpriceandadecreaseinsalesrevenue b.

8、 Decreaseinpriceandanincreaseinsalesrevenue c. Increaseinpriceandadecreaseinsalesrevenue d. Increaseinpriceandanincreaseinsa