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International Trade Quiz 64 (20 MCQs)

Quiz Instructions

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1. Exchange of goods and services.
2. In the production of particular products because of given climatic conditions, accesstoparticular resources, the availability of labor, etc.
3. What is a trade barrier?
4. Which is the correct INCOTERMS below?
5. Which of these correctly states the Marshall Lerner Condition:
6. How much your money is worth in other countries is known as .....
7. If you write an original story, what type of intellectual property gives you the right to decide who can make and sell copies of your work?
8. Free Trade reduces the barriers that once stood between nations
9. The difference between bid and offer rates is called a premium.
10. Euros = 9 dollars2020-10 euros = 10 dollars Which of the following is true of the currencies above?
11. This document gives information about the country where the goods were manufactured:
12. Balance of trade is favorable when imports are higher than exports
13. He small jet ..... between Kuala Lumpur and Singapore nearly every two hours.
14. What is the most secure method of payment for the IMPORTER?
15. It means the price includes the cost of goods, insurance and transportation to the destination port.
16. What is the main purpose of freight forwarding in the transportation and logistics industry?
17. Coffee is the most traded drink in the world?
18. These ports are collection centres where the goods are brought from differnt countries to export.
19. A debt security that promises to repay the amount borrowed, with a fixed amount of interest at a future date. These are issued by Governments and large companies?
20. Trades carried out by residents of an area with residents of another area within one state border on the basis of a collective agreement are called .....
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