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International Trade Quiz 108 (25 MCQs)

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1. What is the auxiliary to present perfect?
2. A country imports goods and services that are not comparatively less efficient to produce abroad
3. It happens when a country's imports surpass its exports, resulting in a negative balance of trade. It indicates that the country is buying more from other nations than it is selling to them.
4. Pakistan's largest export item is cotton & cotton manufactures. The second largest export item is
5. How can businesses take into account access to the internet in different countries?
6. Below are the 3 basic questions for a country's economic choices. Which one is not?
7. What is the main benefit of acquisitions over other hierarchical entry modes?
8. Provides defense for a group of countries within a region against tariffs and other trade barriers
9. A line that higher community indifference curve that tangent with is known as _____
10. Comparative advantage is the ( ) of international trade.
11. A country might place a limit on another country to weaken their economy. This is known as which type of trade barrier?
12. (1) _____ is the value of goods and services made in the Philippines while (2) _____ is the value of goods and services made by Filipinos whether they are located in the country or abroad.
13. A tax on an imported good or service.
14. In July 2015, Australia's balance of trade with the rest of the world was-2809 billion Australiandollars. In January 2016 it was-3294 billion Australian dollars.What describes Australia's balance of trade over this period?
15. This form of trade barrier is the harshest and is usually enacted for political purposes to hurt a country economically.
16. Which of the following is not a classical theory?
17. Being idle, the local producers are at an advantage. What is it?
18. If 1 U.S. dollar buys you 1.14 Canadian dollars than which of the following statements is true?
19. What is the term for the cost of borrowing money and also the reward for saving?
20. Which organization is the economic and political union of European nations?
21. *If an exchange rate is more THAN 1, then the dollar is _____ than that currency and those foreign goods and services cost us _____
22. Globalization is _____
23. Exporting can enable a firm to achieve economies of scale, thereby raising its unit costs.
24. How does foreign investment benefit the Australian economy?
25. Occurs in a market when one of the conditions in a perfectly competitive market are left unmet
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