This quiz works best with JavaScript enabled. Home > Economics > International Economics > International Trade > International Trade – Quiz 204 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books International Trade Quiz 204 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This department solves problems with hardware and software in a company A) Department at. B) HR department. C) IT department. D) None of above. Show Answer Correct Answer: C) IT department. 2. Name the parties who form the main players in Islamic international trade A) The manufacturer, The shipping company for airline/logistic which transports the goods, the cleaner, exporter, importer, banks. B) The manufacturer, The shipping company for airline/logistic which transports the goods Government bodies, exporter, importer, banks, the solicitors. C) Government bodies, The solicitors who may be involved the contracts, the manufacturers, the supplier, cleaner, banks, importers and exporters. D) All the above. Show Answer Correct Answer: B) The manufacturer, The shipping company for airline/logistic which transports the goods Government bodies, exporter, importer, banks, the solicitors. 3. Indonesia's export commodities originating from agricultural products are..... A) Rubber latex. B) Plywood. C) Rattan. D) Sandalwood. Show Answer Correct Answer: A) Rubber latex. 4. A trade deficit represents an inflow of domestic currency to foreign markets. This may also be referred to as a negative balance of trade (BOT). A) TRUE. B) FALSE. Show Answer Correct Answer: B) FALSE. 5. The US produces goods and sells them to another country. These goods are called A) Imports. B) Exports. C) Comparative production. D) None of above. Show Answer Correct Answer: B) Exports. 6. What is considered the direct economic cause of the US-China trade war mentioned in our presentation? A) Ineffective soft The US's diplomacy with China. B) The trade deficit between the US and China. C) All of above. D) The consequence of China's strong rise. E) None of above. Show Answer Correct Answer: B) The trade deficit between the US and China. 7. When a government orders a complete ban on trade with another country, that is an example of a/an A) Embargo. B) Non export. C) Quota. D) Tariff. Show Answer Correct Answer: A) Embargo. 8. What has the country done as an anti-dumping measure? A) Putting tariffs. B) Trade barriers. C) Both A&B are correct. D) Both A&B are incorrect. Show Answer Correct Answer: C) Both A&B are correct. 9. What Goal of the transportation and logistics industry focuses on achieving a reliable and efficient supply chain? A) Resource management. B) Inventory control. C) Cycle time reduction. D) Customer satisfaction. Show Answer Correct Answer: B) Inventory control. 10. One argument for protectionism is to prevent dumping. What is meant by dumping? A countries paying low wages to their workers to gain price advantage B countries providing poor working conditions for their employees to keep costs low C countries selling products abroad at less than the cost of production D countries selling products abroad that do not meet health and safety standards A) A. B) B. C) C. D) D. Show Answer Correct Answer: C) C. 11. ..... raise the standard of living of people. A) International trade. B) Domestic trade. C) Local Trade. D) None o theabove. Show Answer Correct Answer: A) International trade. 12. A certificate certifying that the goods have been made to the buyer's specifications. A) CERTIFICATE OF ORIGIN. B) CERTIFICATE OF SALE. C) CERTIFICATE OF MANUFACTURE. D) None of above. Show Answer Correct Answer: C) CERTIFICATE OF MANUFACTURE. 13. Money's attribute as a store of value also assures that funds received by sellers as payment for goods or services can be used to make purchases of equivalent value in the future. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 14. IPE stands for A) International possesions and economics. B) Interdisciplinary political economies. C) International political economy. D) None of above. Show Answer Correct Answer: C) International political economy. 15. Definition of Tactful A) Careful about what you say so that you don't upset or embarrass anyone. B) Let the other person have something in order to achieve an agreement. C) Pretend something in order to achieve what you want. D) Delay (until a later date). Show Answer Correct Answer: A) Careful about what you say so that you don't upset or embarrass anyone. 16. The entry of funds into a country when foreigners make purchases in the country's stock and bond markets A) Foreign Portfolio Investment. B) Quota. C) Currency Appreciation. D) Free Trade. Show Answer Correct Answer: A) Foreign Portfolio Investment. 17. What is the main objective of an export tariff? A) To encourage exporting. B) To protect domestic producers. C) To discriminate against exporting. D) To ban the export of a good. Show Answer Correct Answer: C) To discriminate against exporting. 18. Check A) Space on a ship, train, lorry or plane. B) Where to put them in the warehouse. C) Booking reservations. D) That the health and safety standards aremaintained. E) With all the necessary documentation. Show Answer Correct Answer: D) That the health and safety standards aremaintained. 19. This document is considered as the "Formal Billing" or "Formal Demand for Payment" A) Purchase Order. B) Proforma Invoice. C) Commercial Invoice. D) Delivery Receipt. Show Answer Correct Answer: C) Commercial Invoice. 20. Company which carries goods by road A) Freight fowarder. B) Haulier. C) Supplier. D) None of above. Show Answer Correct Answer: A) Freight fowarder. ← PreviousNext →Related QuizzesInternational Economics QuizzesEconomics QuizzesInternational Trade Quiz 1International Trade Quiz 2International Trade Quiz 3International Trade Quiz 4International Trade Quiz 5International Trade Quiz 6International Trade Quiz 7International Trade Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books