This quiz works best with JavaScript enabled. Home > Economics > International Economics > International Trade > International Trade – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books International Trade Quiz 57 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. It is especially obvious within the areas of payment, currency and finance where every decision has direct consequences on the capital required during all phases of the transaction, until payment is received. What is it? A) Transaction Management. B) Cash Management. C) Currency risk Management. D) None of above. Show Answer Correct Answer: B) Cash Management. 2. Rank the Appendices in CITES from the Appedix that requires the least protection for species to the Appendix that requires the most protection for species. A) Appendix 2, Appendix, 3, Appendix 1. B) Appendix 1, Appendix 2, Appendix 3. C) Appendix 3, Appendix 2, Appendix 1. D) None of above. Show Answer Correct Answer: C) Appendix 3, Appendix 2, Appendix 1. 3. The following are the objectives of trade protection except A) Diversify the economy. B) Protect domestic employment opportunities. C) Protect the environment from pollution resulting from the use of imported products. D) Increase the rate of foreign exchange outflow. Show Answer Correct Answer: D) Increase the rate of foreign exchange outflow. 4. The transformation process can be categorized into..... A) Exchange and informational. B) Physical and physiological. C) Storage. D) Location and storage. Show Answer Correct Answer: A) Exchange and informational. 5. Cars made in Japan are being driven in Cat Island A) Import. B) Export. Show Answer Correct Answer: A) Import. 6. "Trade exploits a country and makes it worse off if its workers receive much lower wages than workers in other nations." This statement belongs to what misconception in international economics? A) Productivity and Competitiveness. B) The Pauper Labor Argument. C) Exploitation. D) Economies of Scale. Show Answer Correct Answer: C) Exploitation. 7. Countries in Europe frequently trade goods and services with other countries in Europe.Hint:Frequently means very often! A) True. B) False. Show Answer Correct Answer: A) True. 8. When coming to Vietnam, Anna uses the digital banking services of Barclays Bank of England, transmitted via the internet. This is an example of ..... A) Mode I:Cross-border supply. B) Mode II:Consumption abroad. C) Mode III:Commercial presence. D) Mode IV:Natural persons presence. Show Answer Correct Answer: A) Mode I:Cross-border supply. 9. A Vietnamese shoe company signs a selling contract with a Chinese company, thereby it will sell its shoes to another Vietnamese company. This transaction is considered as: A) Export. B) Switch trade. C) On-the-spot export. D) Re-export. Show Answer Correct Answer: C) On-the-spot export. 10. Once again, in an hour, David can wash 2 cars or mow 1 lawn, and Ron can wash 3 cars or mow 1 lawn. Who has the comparative advantage in car washing, and who has the comparative advantage in lawn mowing? A) David in washing, Ron in mowing. B) Ron in washing, David in mowing. C) David in washing, neither in mowing. D) Ron in washing, neither in mowing. Show Answer Correct Answer: B) Ron in washing, David in mowing. 11. Different forms of FDI (Foreign Direct Investment) A) Joint venture, Strategic alliances, cross border M&A, build 'green field'. B) Merger and Acquisitions within same country companies. C) Small vendors and partnership in local. D) None of above. Show Answer Correct Answer: A) Joint venture, Strategic alliances, cross border M&A, build 'green field'. 12. The pattern of what that observe in the world economy. A) International trade theory. B) Comparative Advantage. C) Absolute Advantage. D) Mercantilism. Show Answer Correct Answer: A) International trade theory. 13. What is one negative impact of foreign investment in the Australian economy? A) Increased economic growth and job creation. B) Decreased money circulation and slower economic growth. C) Decreased interest rates on borrowings. D) Increased spending in Australia and higher profits for businesses. Show Answer Correct Answer: B) Decreased money circulation and slower economic growth. 14. Permitting another party in a foreigncountry to produce and sell goodsunder your trademarks, patents orcopy rights ..... A) Foreign Investment. B) Licensing. C) Franchising. D) Import. Show Answer Correct Answer: B) Licensing. 15. These ports handle general cargo-packaged products and manufactured goods. These ports also handle passenger traffic. A) Industrial Ports. B) Commercial Ports. C) Comprehensive Ports. D) Oil Ports. Show Answer Correct Answer: B) Commercial Ports. 16. Pakistan is the ..... largest export economy in the world. A) 67th. B) 69th. C) 71 st. D) None of above. Show Answer Correct Answer: B) 69th. 17. Exchange of goods and services among businesses in various countries A) International Trade. B) North American Free Trade Agreement. C) Surplus. D) Dumping. Show Answer Correct Answer: A) International Trade. 18. What is the main reason countries may restrict international trade? A) To promote economic growth and development. B) To maintain national security and protect sensitive industries. C) To protect domestic industries and jobs from foreign competition. D) To increase government revenue through tariffs and import taxes. Show Answer Correct Answer: C) To protect domestic industries and jobs from foreign competition. 19. The following our included in the current account except A) Net Exports. B) Investment Income. C) Net Capital Outflow. D) Net Transfers. Show Answer Correct Answer: C) Net Capital Outflow. 20. What has been the impact of trade liberalisation on the Australian economy over the past 30 years? A) Benefited the economy with higher real GDP and real income. B) Caused a decline in real GDP and real income. C) Had no impact on the economy. D) Led to increased unemployment. Show Answer Correct Answer: A) Benefited the economy with higher real GDP and real income. ← 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