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External link to Question : 31.In a collective bargaining contract, factors related to shift operations : 1243139
Accounting

Question : 31.In a collective bargaining contract, factors related to shift operations : 1243139

    31.In a collective bargaining contract, factors related to shift operations and hazardous work are typically covered under the _____ provision.    A.wage determination   B.job or income security   C.special groups   D.plant operations   E.paid and unpaid leave     32.In a collective bargaining contract, factors related to profit-sharing and stock purchase are typically covered under the _____ provision.    A.wage determination   B.job […]

External link to Question : SHORT ANSWER. Write the word or phrase that best completes each : 1196178
Accounting

Question : SHORT ANSWER. Write the word or phrase that best completes each : 1196178

  SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 70) Due to unprecedented growth during the year Denise’s Flowers decided to use some of its surplus cash to increase the size of several inventory order quantities that had been previously determined using an EOQ model.   Required:   For each of the following items tell whether the […]

External link to Question : Objective 11.5 1) The theory of constraints (TOC) defines throughput margin : 1211769
Accounting

Question : Objective 11.5 1) The theory of constraints (TOC) defines throughput margin : 1211769

  Objective 11.5   1) The theory of constraints (TOC) defines throughput margin as ________. A) operating income minus the direct material costs of the goods sold B) operating income minus the direct labor costs of the goods sold C) revenues minus the direct material costs of the goods sold D) revenues minus the full costs of the goods sold   2) Based on the […]

External link to Question : Objective 14.6 1) The sales-quantity variance can be decomposed into ________. A) : 1211828
Accounting

Question : Objective 14.6 1) The sales-quantity variance can be decomposed into ________. A) : 1211828

  Objective 14.6   1) The sales-quantity variance can be decomposed into ________. A) sales-mix variance and sales-volume variance B) static-budget variance and flexible-budget variance C) flexible-budget variance and sales-volume variance D) market-share variance and market-size variance 2) Flexible budget contribution margin is equal to ________. A) actual contribution margin per unit times actual units sold of each product B) actual contribution margin per unit […]

External link to Question : Learning Objective 7-8 (Appendix 7) 1) Discounting means ________. A) selling bonds : 1253351
Accounting

Question : Learning Objective 7-8 (Appendix 7) 1) Discounting means ________. A) selling bonds : 1253351

  Learning Objective 7-8 (Appendix 7)   1) Discounting means ________. A) selling bonds for less than face value B) calculating the present value of future cash flows C) selling bonds for more than face value D) selling bonds at par value   2) Buzz Corporation issued $50,000 worth of 10-year, 8% bonds for $48,359.66. The $48,359.66 is the ________. A) face value B) present […]

External link to Question : 81. The materiality constraint: A. States that an amount can be ignored if : 1225945
Accounting

Question : 81. The materiality constraint: A. States that an amount can be ignored if : 1225945

  81. The materiality constraint:  A. States that an amount can be ignored if its effect on financial statements is unimportant to user’s business decisions. B. Requires use of the allowance method for bad debts. C. Requires use of the direct write-off method. D. States that bad debts not be written off. E. Requires that expenses be reported in the same period as the sales they helped produce. 82. If the credit […]

External link to Question : 61.From an accounting point of view, one implication of an : 1237681
Accounting

Question : 61.From an accounting point of view, one implication of an : 1237681

    61.From an accounting point of view, one implication of an effective just-in-time inventory system is that:    A. Sales transactions must be recorded using on-line point-of-sale terminals.   B. Inventories are less material in dollar amount and alternative inventory flow assumptions will produce more similar results.   C. The cost of goods sold is significantly reduced.   D. Purchases of merchandise are recorded as cash payments are made, […]

External link to Question : 122.A CVP graph presents data on: A.Profit and loss a : 1236698
Accounting

Question : 122.A CVP graph presents data on: A.Profit and loss a : 1236698

  122.A CVP graph presents data on:     A.Profit and loss on a per unit basis. B.Profit, loss, and break-even on a total dollar basis. C.Profit, loss, and break-even on a per unit basis. D.Only profit and loss on a total basis. E.Profit and loss on a budget and actual basis. 123.A firm sells two products, Regular and Ultra. For every unit of Regular the […]

External link to Question : 91. An account linked with another account that has an opposite : 1256792
Accounting

Question : 91. An account linked with another account that has an opposite : 1256792

    91. An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n):  A. Accrued expense B. Contra account C. Accrued revenue D. Intangible asset E. Adjunct account     92. The total amount of depreciation recorded against an asset or group of assets during the entire time the asset or assets have been used in the […]

External link to Question : 66. Present Value of 1 Periods : 1236267
Accounting

Question : 66. Present Value of 1 Periods : 1236267

    66. Present Value of 1  Periods 3% 4% 5% 6% 7% 8% 9% 10% 12% 3 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.7118 4 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6355 5 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.5674 6 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 0.5066 7 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 0.5470 […]

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July 1, 2023
    

 

 

11.3   Trade Liberalization Since 1985

 

1) The high correlation between rapid growth in exports and rapid economic growth observed in several East Asia countries in recent decades

A) proves that export promoting trade policy leads to relatively rapid economic growth.

B) proves that a free-trade orientation of trade policy results in rapid economic growth.

C) proves that exports help growth, whereas imports impede growth.

D) proves that trade policy is the most important policy area for promotion of economic development.

E) does not prove that trade liberalization always leads to rapid economic growth.

 

 

2) The relatively rapid economic growth experienced by Chile in the late 1980s

A) supported the conventional Latin American reliance on import substitution.

B) relied on the Harris-Todaro model to explain this growth.

C) rejected the conventional Latin American reliance on import substitution.

D) demonstrated the importance of market failure as a reason for import substitution.

E) relied on high tariffs and import substitution.

 

3) To help developing countries expand their industrial base, some industrial countries have reduced tariffs on designated manufactured imports from developing countries below the levels applied to imports from industrial countries. This policy is called

A) export-led growth.

B) generalized system of preferences.

C) Most Favored Nation.

D) reciprocal trade agreement.

E) outsourcing.

 

 

4) To help developing nations strengthen their international competitiveness, many industrial nations have granted tariff reductions to developing nations under the

A) international commodity agreements program.

B) multilateral contract program.

C) generalized system of preferences program.

D) export led growth program.

E) import substitution policy.

 

 

5) Export-led growth tends to

A) discourage competition in the global economy.

B) exploit domestic comparative advantages.

C) lead to unemployment among domestic workers.

D) help firms benefit from diseconomies of large-scale production.

E) lower the overall volume of imports.

 

 

6) An efficient economy would set the marginal product in the traditional sector

A) lower than that in the modern non-traditional sector.

B) higher than that in the modern sophisticated sector.

C) equal to that in the modern sophisticated sector.

D) lower in the relatively capital intensive sector.

E) higher in the relatively capital intensive sector.

 

7) The experience of sub-Saharan Africa, as compared to that of "Other Asia" (not including the HPAEs) supports the argument that

A) high rates of protection tend to harm economic growth.

B) the poorer is the country the easier it is for it to "catch up" economically.

C) low rates of protection tend to promote economic growth.

D) free trade always best stimulates a developing country's economy.

E) neither trade liberalization nor import substitution is a foolproof strategy for economic development.

 

 

8) The experience of Chile's foreign sector in the last two decades of the 20th century supports the proposition that economic growth is supported by

A) import substitution.

B) industrialization policies.

C) trade liberalization policies.

D) intra-industry trading.

E) trade embargoes.

 

 

9) China's recent experience supports the proposition that

A) "economic miracles" are solely to be expected in small countries.

B) central planning and socialism can promote sustained economic growth.

C) a lessening of income disparities is a prerequisite for economic growth.

D) growth in a large country cannot be affected by its foreign sector.

E) policy changed can dramatically prompt export oriented growth

 

 

10) The consensus today is that import-substitution protectionist industrial policy has not served the developing countries' growth ambitions well. This fact proves that policies relying on export-driven growth are the "winning ticket" for these countries.

 

 

 

default image
July 1, 2023
    

 

 

11.3   Trade Liberalization Since 1985

 

1) The high correlation between rapid growth in exports and rapid economic growth observed in several East Asia countries in recent decades

A) proves that export promoting trade policy leads to relatively rapid economic growth.

B) proves that a free-trade orientation of trade policy results in rapid economic growth.

C) proves that exports help growth, whereas imports impede growth.

D) proves that trade policy is the most important policy area for promotion of economic development.

E) does not prove that trade liberalization always leads to rapid economic growth.

 

 

2) The relatively rapid economic growth experienced by Chile in the late 1980s

A) supported the conventional Latin American reliance on import substitution.

B) relied on the Harris-Todaro model to explain this growth.

C) rejected the conventional Latin American reliance on import substitution.

D) demonstrated the importance of market failure as a reason for import substitution.

E) relied on high tariffs and import substitution.

 

3) To help developing countries expand their industrial base, some industrial countries have reduced tariffs on designated manufactured imports from developing countries below the levels applied to imports from industrial countries. This policy is called

A) export-led growth.

B) generalized system of preferences.

C) Most Favored Nation.

D) reciprocal trade agreement.

E) outsourcing.

 

 

4) To help developing nations strengthen their international competitiveness, many industrial nations have granted tariff reductions to developing nations under the

A) international commodity agreements program.

B) multilateral contract program.

C) generalized system of preferences program.

D) export led growth program.

E) import substitution policy.

 

 

5) Export-led growth tends to

A) discourage competition in the global economy.

B) exploit domestic comparative advantages.

C) lead to unemployment among domestic workers.

D) help firms benefit from diseconomies of large-scale production.

E) lower the overall volume of imports.

 

 

6) An efficient economy would set the marginal product in the traditional sector

A) lower than that in the modern non-traditional sector.

B) higher than that in the modern sophisticated sector.

C) equal to that in the modern sophisticated sector.

D) lower in the relatively capital intensive sector.

E) higher in the relatively capital intensive sector.

 

7) The experience of sub-Saharan Africa, as compared to that of "Other Asia" (not including the HPAEs) supports the argument that

A) high rates of protection tend to harm economic growth.

B) the poorer is the country the easier it is for it to "catch up" economically.

C) low rates of protection tend to promote economic growth.

D) free trade always best stimulates a developing country's economy.

E) neither trade liberalization nor import substitution is a foolproof strategy for economic development.

 

 

8) The experience of Chile's foreign sector in the last two decades of the 20th century supports the proposition that economic growth is supported by

A) import substitution.

B) industrialization policies.

C) trade liberalization policies.

D) intra-industry trading.

E) trade embargoes.

 

 

9) China's recent experience supports the proposition that

A) "economic miracles" are solely to be expected in small countries.

B) central planning and socialism can promote sustained economic growth.

C) a lessening of income disparities is a prerequisite for economic growth.

D) growth in a large country cannot be affected by its foreign sector.

E) policy changed can dramatically prompt export oriented growth

 

 

10) The consensus today is that import-substitution protectionist industrial policy has not served the developing countries' growth ambitions well. This fact proves that policies relying on export-driven growth are the "winning ticket" for these countries.

 

 

 

default image
July 1, 2023
    

 

 

11.3   Trade Liberalization Since 1985

 

1) The high correlation between rapid growth in exports and rapid economic growth observed in several East Asia countries in recent decades

A) proves that export promoting trade policy leads to relatively rapid economic growth.

B) proves that a free-trade orientation of trade policy results in rapid economic growth.

C) proves that exports help growth, whereas imports impede growth.

D) proves that trade policy is the most important policy area for promotion of economic development.

E) does not prove that trade liberalization always leads to rapid economic growth.

 

 

2) The relatively rapid economic growth experienced by Chile in the late 1980s

A) supported the conventional Latin American reliance on import substitution.

B) relied on the Harris-Todaro model to explain this growth.

C) rejected the conventional Latin American reliance on import substitution.

D) demonstrated the importance of market failure as a reason for import substitution.

E) relied on high tariffs and import substitution.

 

3) To help developing countries expand their industrial base, some industrial countries have reduced tariffs on designated manufactured imports from developing countries below the levels applied to imports from industrial countries. This policy is called

A) export-led growth.

B) generalized system of preferences.

C) Most Favored Nation.

D) reciprocal trade agreement.

E) outsourcing.

 

 

4) To help developing nations strengthen their international competitiveness, many industrial nations have granted tariff reductions to developing nations under the

A) international commodity agreements program.

B) multilateral contract program.

C) generalized system of preferences program.

D) export led growth program.

E) import substitution policy.

 

 

5) Export-led growth tends to

A) discourage competition in the global economy.

B) exploit domestic comparative advantages.

C) lead to unemployment among domestic workers.

D) help firms benefit from diseconomies of large-scale production.

E) lower the overall volume of imports.

 

 

6) An efficient economy would set the marginal product in the traditional sector

A) lower than that in the modern non-traditional sector.

B) higher than that in the modern sophisticated sector.

C) equal to that in the modern sophisticated sector.

D) lower in the relatively capital intensive sector.

E) higher in the relatively capital intensive sector.

 

7) The experience of sub-Saharan Africa, as compared to that of "Other Asia" (not including the HPAEs) supports the argument that

A) high rates of protection tend to harm economic growth.

B) the poorer is the country the easier it is for it to "catch up" economically.

C) low rates of protection tend to promote economic growth.

D) free trade always best stimulates a developing country's economy.

E) neither trade liberalization nor import substitution is a foolproof strategy for economic development.

 

 

8) The experience of Chile's foreign sector in the last two decades of the 20th century supports the proposition that economic growth is supported by

A) import substitution.

B) industrialization policies.

C) trade liberalization policies.

D) intra-industry trading.

E) trade embargoes.

 

 

9) China's recent experience supports the proposition that

A) "economic miracles" are solely to be expected in small countries.

B) central planning and socialism can promote sustained economic growth.

C) a lessening of income disparities is a prerequisite for economic growth.

D) growth in a large country cannot be affected by its foreign sector.

E) policy changed can dramatically prompt export oriented growth

 

 

10) The consensus today is that import-substitution protectionist industrial policy has not served the developing countries' growth ambitions well. This fact proves that policies relying on export-driven growth are the "winning ticket" for these countries.

 

 

 

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