In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?

A. Grain prices would rise in the soviet union
B. Consumer surplus would decrease for the soviets
C. Grains prices would rise in the united states
D. Export revenues would decrease for u.s producers

Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?

A. Lesser it initial dependence on foreign produce goods.
B. More elastic the target country demand schedule
C. Greater then available output from alternative suppliers
D. More in elastic the target country supply scheduleb.

Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?

A. gold currency
B. hard currency
C. silver currency
D. soft currency

From each according to his ability to each according to his need is the theoretical slogan of ?

A. feudal system
B. capitalist system
C. fascist system
D. communist system

Which of the following is a valid currency______________?

A. promissory note
B. currency note
C. exchange rate
D. bank cheque

Two countries can gain from foreign trade if ?

A. cost ratios are different
B. tariff rates are different
C. price ratios are different
D. a and c of above

Which city in Germany has the distinction of housing the first car manufacturing plant in the world ?

A. frankfurt
B. bonn
C. berlin
D. stuttgart

Commercial policy means_______________?

A. policy about markets
B. policy about money supply
C. policy about imports and exports
D. policy of controlling of prices of goods

Oil is measured in barrels. What is the abbreviation for barrels________________?

A. brl
B. bel
C. bbl
D. obl

The bank established for loans to very small enterprises in Pakistan is called_______________?

A. micro finance bank
B. moderba bank
C. sme- bank
D. first mini bank