Have an account?
Skip to Content
Build your own quiz
Social Studies
University
Imperfect Competition and International Trade
10 questions
Show Answers
See Preview
- 1. Multiple Choice
Product differentiation in economics is known as ____
process of setting up the price
process to make the product unique
process of distinguishing a product or service from others
None of above
- 2. Multiple Choice
Identify statement that explain the trade based on product differentiation.
product in mordern economies today involves heterogeneous product
Honda is not identical to a Proton
different community will have different taste and preferences
product come with the same industry are homogeneous
- 3. Multiple Choice
Select statement that true about intra-industry trade
arise to take advantage of important economies of scale in production
nation imports other varieties and styles from other nations
it is homogeneous product
the more intra-industry trade, the more variety product in the markets.
- 4. Multiple Choice
identify the formula of intra-industry trade index
- 5. Multiple Choice
If the value of intra-industry trade index (T) is T=1
export and import of a goods are equal
no trade between two nation
export more than import
export less than import
- 6. Multiple Choice
Technological gap model is ____
all about developed and developing countries
how to produce goods and services
introduction of new products and new production processes
None of above
- 7. Multiple Choice
There are ____ stage(s) involves in the product cycle model
1
2
3
4
5
- 8. Multiple Choice
imitating country is license country to produce a particular goods and services
True
False
- 9. Multiple Choice
Which stage in product cycle model an innovating country start to import 100% of goods and services from imitating country?
1
2
3
4
5
- 10. Multiple Choice
Stage 1 in product cycle model is know as new product phase and only produced and consumed only in the innovating country.
True
False
- Answer choicesTagsAnswer choicesTags