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International Trade Quiz 104 (25 MCQs)

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1. Which of these items is an example of a visible export from Ireland
2. This ensures the imported products in the country are high quality?
3. Below are the documents required for international trade, especially regarding Transport Documents, except_____
4. GPA stands for_____
5. What type of tariff is a 10% tariff on a pair of jeans?
6. Indonesia cooperates in international trade with Japan. Indonesia exports liquefied natural gas products. While from Japan, Indonesia imports vehicles because they are cheaper than producing their own. The factors that underlie Indonesia's trade with Japan are _____
7. What are the Protectionism's measures?
8. International trade is narrowly defined as
9. One of the obstacles in international trade is_____
10. Government may limit the convertibility of currency to limit trade. Which of the following key policy area used by the government?
11. The theory of absolute advantage destroys the mercantilist idea that international trade is a _____
12. What do U.S. fast food companies enter into in order to open franchises in foreign countries
13. What happens to the price of exports when the exchange rate falls?
14. Which country excels at exporting pineapples and coffee?
15. It means freedom of equality before the law.
16. Rates are determined freely and the rate will fluctuate day-to-day
17. This policies are bureaucratic rules designed to make it difficult for imports to enter a country.
18. International trading of goods has conditions:
19. Rate at which one currency may be converted into another; used when world trade occurs
20. Balance of Payments is also known as what?
21. Which theory is based on the notion that competitive advantage is dependant on the four interacting aspects of factor endowments, domestic demand, firm strategy, and related and supporting industries?
22. What is it called when countries attempt to keep the values of their currencies constant compared to one another?
23. Goods and services a nation buys from other countries
24. Country A sells goods to Country B. Country C acts as_____
25. Define balance of trade.
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