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International Trade Quiz 102 (25 MCQs)

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1. The final category of the current account balance is _____, which can be thought of as payments made by individuals in which money is sent abroad _____
2. If one US dollar was valued as 0.97 EU Euro last year, but this year is valued as 1.03 EU Euros. Did the dollar appreciate or depreciate?
3. Which is a benefit of the U.S. dollar weakening against the Euro?
4. A country specialises in the production of steel, toys and textiles.What is a disadvantage of specialisation for the country's workers?
5. What do all of the following groups have in common? EU (European Union)NAFTA (North American Free Trade Agreement)
6. The comparison of the amount of foreign currency taken into a country versus the amount of domestic currency paid out is called:
7. A person's ability to give birth to something new, whether in the form of an idea or a real work that is relatively different from what existed before, is understanding_____
8. Safeguard measures can be implemented when it results in_____
9. United States citizens who want to buy foreign products would be hurt if the dollar is depreciating
10. What does export mean?
11. What international agreement established the U.S. dollar as the world's primary reserve currency?
12. A country voluntarily limits the number of a product they ship to a country
13. What are the potential disadvantages of using the WIPO Madrid System for international trademark protection?
14. Larger export markets to sell your goods, if you are a country looking to do business.
15. Trade between most nations is presently characterized by a certain degree of isolationism.
16. Which of the following is not the background to the establishment of the ASEAN Economic Community (AEC) is_____
17. 'planning, organizing and managing operations in a company that supplies goods'
18. All of the following are true regarding international trade EXCEPT
19. A regulation that limits the number of items that can be sold in one country:
20. Helps protect the economy and certain industries of a country from foreign competition
21. Fixed and floating are both types of what?
22. The movement to a higher community indifferent curve because of _____
23. Which group benefits when the US dollar depreciates (weak dollar)against other currencies?
24. Bank transfers and bank cheques are often referred to as _____, in comparison with documentary payments as collections and letters of credit.
25. Which is NOT a regional trade agreement
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