Author Question: The most common form of price discrimination in international trade is A) dumping. B) non-tariff ... (Read 111 times)

aabwk4 · **on:** Jun 30, 2018

The most common form of price discrimination in international trade is

A) dumping.
B) non-tariff barriers.
C) Voluntary Export Restraints.
D) preferential trade arrangements.
E) product boycotts.

Question 2

We know that in antiquity, China exported silk because no one in any other country knew how to produce this product. From this information we know that

A) China had a comparative advantage in silk.
B) China had an absolute advantage, but not a comparative advantage in silk.
C) no comparative advantage could exist because the technology was not diffused.
D) China exported silk for political reasons even though it had no comparative advantage.
E) China was unable to profit by exporting silk because it was unknown in the rest of the world.