İKTİSADA GİRİŞ II
Refill the blank with one of the following options?
If this is the case which of the following statement can be said ?
- Health standards,
- sanitary and phyto-sanitary standards,
- environmental standards,
- labor standards,
- product standards,
- production subsidies,
- internal charges, etc
Above standards belong to which restrictive trade instruments?
II. The main aim of the economic policies is to attain the internal equilibrium and external equilibrium at the same time.
III. Expenditure-switching policies are the fiscal and monetary policies that change the volume of the total expenditure.
What can be said to be true about general equilibrium?
II. Restrictive trade instruments are tariffs and non-tariff restrictions.
III. Non-tariff restrictions are tax or duty levied on the traded commodity as it crosses a national boundary.
What can be said to be true about trade restrictions?
produced and those that cannot.
II. A country’s consumption possibilities exceed its production possibilities with international trade leading to a lower consumption satisfaction to the consumer.
III. In international economics, consumption possibilities frontier (CPF) defines the consumption choices of a country under the given relative prices.
What can be said to be true about consumption and production possibilities frontier?