Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 113
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 113 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Commercial invoice
2. _____ is defined as the absence of tariffs, quotas, or other governmental impediments to internationaltrade, allows each country to specialize in the goods it can produce cheaply and efficiently relative to other countries.
3. Economies of scale give countries an incentive to _____ even in the absence of differences in resources or technology between countries.
4. Imperfectly competitive firms have a demand curve that _____ and a marginal revenue curve that _____ and is _____ the demand curve.
5. Who has the absolute advantage for brooms?
6. Which of the following is NOT an argument against free trade?
7. This is a tax on imports that is used to increase price of foreign products and raise government revenue. Sometimes we will still by the foreign product _____
8. Which is VietNam's biggest import partner?
9. Which of these are features of globalisation have been benefits for Walmart, Apple and Nike who operate internationally? More then 1 correct answer, for this question, how many have you identied.
10. Observe Table 8.5. Why does India import edible oil, inspite of being an agriculturally rich country? Choose the best possible answer.
11. The statements that follow relate to possible gains from an increase in free trade. Which gain is least certain to result? A Increased specialisation leads to improvements in productivity. B Trade extends the choice of goods available to consumers. C Trade leads to an increase in the number of jobs. D Trade leads to a reduction in costs of production.
12. A disadvantage of globalisation for manufacturers in the UK would include which one of the following
13. The opposite of a _____ exchange rate is a _____ exchange rate.
14. Infant industries should be granted trade protection on the grounds that
15. International trade without government interference
16. Low skilled workers may face rising income inequality compared with high skilled workers
17. Actions of a government to establish barriers to foreign trade.
18. A tariff on a good or service
19. A student records her income and spending for past month, she uses the function of money
20. Which of the following trade policies limits specified quantity of goods to be imported at one tariff rate
21. Which of these cares is the most important for you?
22. Silicon Valley is not one of the examples of industrial cluster.
23. A surplus occurs when
24. What is the first step procedure for importing timber product?
25. What is the term for trading one product or service for another without using money?
← PreviousNext →

Related Quizzes

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books