Related Questions

The cost of producing rice in country Q is 10 percent less than the cost of producing rice in country Y. Even after transportation fees and tariff charges are added. it is still cheaper for a company to import rice form country Q to country Y than to produce rice in country Y? The statements above , if true , best support which of the following assertions?
A Labor costs in country Q are 10 percent below those in country Y .
B Importing rice from country Q to country Y is less than 10 percent of the cost of manufacturing rice in country Q .
C The fee for transporting rice from country Q to country Y is more than 10 percent of the cost of manufacturing rice in country Q .
D It takes 10 percent less time to manufacture rice in country Q than it does in country Y.
The cost of producing Garment in Country Q is ten percent less than the cost of producing Garment in Country Y, Even after transportation fees and tariff charges are added,it is still cheaper for a company to import Garment from Country Q to Country Y than to produce Garment in Country Y". The statement above, if true, best support which of the following assertions?
A Importing Garment from Country Q to Country Y will eliminate ten percent of new manufacturing jobs in Country Y.
B The tariff on a Garment imported from Country Q to Country Y is less than ten percent of the cost of manufacturing the Garment in Country Y.
C The fee for transporting Garment from Country Q to Country Y is more than ten percent of the cost of manufacturing the Garment in Country Q.
D It takes ten percent less time to manufacture a Garment at Country Q than it dos in Country Y.
The bank account of a non-resident of a country, where the amount of currency in the account cannot be transferred to another country is called as
A Nostro account
B Blocked Account
C Foreign account
D Capital account
The symbol '£' indicates the currency of which country ?
A Japan
B Gremany
C UK
D USA
'Pound' is not the currency of which country ?
A Lebanon
B Syria
C Cyprus
D Luxemburg
Pound is not a currency of which country ?
A Egypt
B Lebanon
C Morocco
D Syria
Which country within EU still dies not use Euro as its currency?
A France
B Germany
C Austria
D England
Which EU country has not adopted 'Euro' as its domestic currency?
A France
B Italy
C Germany
D England
Which of the following countries has joined as the 19th EU member country in the club of countries that use the euro currency?
A Lithuania
B Austria
C Spain
D Portugal
which EU country has not adopted 'Euro' as its domestic currency ?
A France
B Italy
C Germay
D England

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