Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 100
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 100 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. The trade theory that first indicated importance of specialization in production and division of labor is based on the idea of theory of _____ which is developed first by Adam Smith in his famous book, The Wealth of Nations, published in 1776
2. Good and services produced at home and sold in other countries
3. What form of currency is accepted throughout Europe and is backed by a union?
4. Protectionists justify high tariffs because they
5. Same meaning as 'slight'
6. Definition of Bluff
7. What are the terms of the transport insurance contract?
8. Developing struggling governments, environmental protection and macroeconomic stabilization.
9. Commercial risk also called _____, is often defined as the risk of the buyer going into bankruptcy or being in any other way incapable of fulfilling their contractual obligations.
10. The firm makes a profit so long as P is greater than C, and its profit will be greater the lower C is relative to P
11. The amount of demand that is greater than the supply on the world market will encourage the exporting country _____
12. What does international trade mean?
13. Which country withdraws out of TPP?
14. In recent years international trade has been
15. America has free trade.
16. What does FDI stand for?
17. What does CITES stand for?
18. In Documentary Collection tansactions, the "Remitting Bank" is located where?
19. Which of the following is an argument for restricting trade?
20. What is the value of International Trade?
21. The product life cycle describes the stages a really new product idea goes through from beginning to end.
22. The ability to produce something using fewer resources than other producers is called having the
23. Use the information to answer the following question. Because Mexico specializes in the production of silver and Canada leads the world in the production of fishing nets, the two countries could engage in trade that benefits both parties. What is this law of economics called?
24. To lead in the in the promotion and dissemination of productivity related information and issue
25. Economic Trade in which of the following geographies suffered the steepest decline.
← PreviousNext →

Related Quizzes

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books