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International Trade Quiz 107 (25 MCQs)

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1. According to the law of comparative advantage, a nation should _____
2. Limit placed on imported goods.
3. In 2013, the European Union (EU) levied a 48% tariff on low-priced Chinese solar panels because the low price was the result of subsidies from the Chinese government.Which argument for protectionism was the EU using?
4. Currencies remain at a fixed rate and the value changes only when there is an economic situation
5. Based on _____ theory, each country can increase its wealth by specializing in the production of good that it is less efficient at.
6. The _____ theory viewed international trade as a zero-sum game.
7. Which of the following will most efficiently provide products?
8. She was stuck in _____, that's why she missed her flight.
9. This COVID business is a global _____
10. The difference or difference between exports and imports is called_____
11. When did CPTPP came in to force in Vietnam?
12. In 2010, a small country imported goods worth $500 billion and exported goods worth $443 billion. It exported services worth $248 billion and imported services worth $330 billion. Payments on investments abroad totaled $199 billion, while returns paid on foreign investments were $125 billion. Unilateral transfers from the country to other nations amounted to $94 billion. What was the country's merchandise trade deficit for 2010?
13. The stage of economic development that involves questioning traditions and facing new patterns of living is
14. When was NAFTA created?
15. Which of the following category does not include in agriculture?
16. The economic impact of the coronavirus in Colombia will depend on the magnitude and speed of the spread of the virus?
17. According to internalization theory, firms are more likely to license their brand names when transaction costs are high.
18. According to Adam Smith, A country should specialize in the production of a good when it has the necessary raw materials for production.
19. What is the term for a payment made by a corporation to its shareholders from its profits?
20. I like to add _____ to my cooking.
21. Why is Dubai airport a hub?
22. Examples of Entrepot ports
23. The airplane manufacturer uses robots to test every _____, just in case there is a problem with the design
24. By foreign investment we mean inviting _____ in our country for industrial development
25. Which of the following defines balance of trade?
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