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International Trade Quiz 106 (25 MCQs)

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1. Under the slave trade system dutch, spaniards and british captured _____ people and transported them to newly discovered _____
2. External economies of scale arise when the cost per unit
3. From the question, what country's national flag is this?
4. Free traders often argue that new or emerging industries should be protected from foreign competition forever.
5. If nations limit imports of clothing, who will benefit?
6. International trade means
7. The benefits of interstate trade for consumers are _____
8. What is the main purpose of international trade?
9. You are the CEO of a company. You want to develop overseas markets and sell products abroad, but you find that the destination country will impose a very high fee on imported products from other countries. In order to avoid this fee, you choose to directly If you open a branch overseas and directly invest in production and sales locally, is this an international trade act?
10. It is when a company invests resources in business activities outside its home country
11. A situation that occurs when individuals or businesses produce a narrow rand of products
12. Kantian ethics are based on the philosophy of Immanuel Kant.
13. A government restriction on the number of cameras that can be imported from China each year is an example of an import quota.
14. Represents a distinct advantage in skills, technology, and/or capital assets that yields differentiated product offerings and/or cost-competitive homogeneous products.
15. All of the following are arguments for trade restriction EXCEPT _____
16. Modern theory of international trade is based on the views of
17. Fixed Exchange Rate is:
18. A country has a comparative advantage in trade when it is able to produce a product relatively more efficiently.
19. Which of the following is NOT in the balance of payments
20. A government's establishment of economic policies that systematically restrict imports in order to protect domestic industries.
21. When a production subsidy is granted on a good,
22. When a country is "very open to trade", it means
23. What has international trade created?
24. What is visible trade?
25. What is the value of international trade for a business considering to produce all their products themselves or to trade with countries with a comparative advantage?
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