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International Trade Quiz 88 (20 MCQs)

Quiz Instructions

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1. A tax placed upon imported goods or services is called a(n)
2. To protect U.S. national security, a foreign nation would most likely be prevented from
3. The value of the dollar to fall in foreign exchange markets is the effect of
4. A country can produce a product more efficiently and cheaper than another country. This is the:
5. What will cause an improvement in a country's terms of trade? A a fall in incomes abroad B a fall in its exchange rate C a rise in its inflation rate D a rise in the price of its imports
6. Ship by truck when .....
7. Occurs when a country can produce a good utilizing less resources than another country
8. It is when the country exports more of its goods and services higher than the imports
9. A country wealth depends on the availability of goods and services to it's citizens.
10. The Bill of Lading is considered "Title to the Goods"
11. Letting another company, or licensee, use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty.
12. What concept does the Ricardian Model predicts in an extreme degree that we do not observe in the real world
13. Most of the machinery in Pakistan is imported from .....
14. The relationship between a nation's exports and imports, which can result in a deficit or a surplus is known as:
15. One cost of trade barriers is that tariffs increases the ..... of imported goods.
16. Tax on imported foreign goods
17. If Brazil has a comparative advantage in producing rubber, and trade in rubber is allowed .....
18. This trade barrier enables money to be made for the government
19. The idea that countries gain when they produce items they are most efficient at producing
20. If Italy produces leather goods more efficiently than Germany, then Italy has a(n)
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