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International Economics
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International Economics
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25 Questions

1. The accounting system used in BOP
2. The analysis method used in Leontief’s study
3. ____________states that at constant commodity prices, an increase in the quantity of one factor increases the production of the commodity intensive in this factor and reduces the output of the other commodity which is intensive in the constant factor.
4. Which among following is an implication of revaluation?
5. "Trade In differentiated products refers to"
6. Devaluation leads to
7. Given below is a table whowing the maximum amount of wheat and cloth that the UK and U S could produce if they fully utilize all the factors of production with the best technology available indicate the comparative advantage of U K and U S. U K U S - Bushels of wheat 50 120 - Meters of Cloth 150 80
8. Who reoriented comparative advantage theory?
9. A key effect of devaluation is that it
10. Which of the following explains the Purchasing power parity theory
11. The principle of comparative advantage was first introduced by
12. The foreign exchange rate is NOT
13. The opportunity cost theory assumes that
14. ______________means the measures adopted for avoiding risks.
15. Which among following is NOT an implication of devaluation?
16. Principles of Political Economy and Taxation is the book of
17. Product transformation curve is also called
18. A _______________is an upward adjustment in the official exchange rate, which increases the value of the currency.
19. The exchange rate system that is followed in India is
20. The Reciprocal Demand theory was put into graphic form by
21. The absolute slope of a concave PPC is given by
22. The ‘Reciprocal Demand Theory’ in International Trade can be attributed to
23. India is NOT a _____ abundant nation
24. Which among the following is NOT a measure to correct the balance of payment disequilibrium?
25. According to HO Model, India should import ______ abundant goods

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