Global MCQ Practice

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International Trade Quiz 116 (25 MCQs)

Quiz Instructions:

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1. Was created in 1995
2. When an export subsidy is used
3. An increase in the international value of the US dollar will most likely benefit which of the following?
4. The terms of delivery have to be defined in order to determine _____ and _____ the seller has fulfilled the obligations to deliver according to the contract and _____ isneeded to do so.
5. To analyze the effects of the policies of this theme is the single most consistent mission of international economics.
6. Which Theory of International Trade Research highlights the conflict between economies of the division of labor and transaction costs?
7. How long is the duration of validity for export permits from the issued date?
8. That is not one of the main objectives of the rules of origin into a free trade agreement
9. If there is high inflation in the UAE what would happen the value of the Dirham and GDP?
10. The value of the dollar increases
11. This supranational organisation deals with the global rules of trade between countries.
12. Stopping the export and import of a product is known as?
13. Which stage of the product life cycle has been reached when sales growth for a company's product is slowing?
14. Country Z is both a producer and an importer of green tea. If country Z imposes a tariff on imports of green tea, which of the following will occur in the domestic market of green tea?
15. In 2018, the US sent back of a ship of steel to Australia because it wasn't label properly. What type of trade barrier is it?
16. Which statement best explains why nations must trade?
17. The seller assumes the costs in general until the delivery of the merchandise is done. The buyer assumes import procedures and the risk of the goods loaded in the transport contracted by the seller.According to the responsibilities of the seller and buyer, what the corresponding Incoterm?
18. Which term refers to the act of selling products or services to customers in foreign countries?
19. Goods imported for export are known as
20. If nations limit trading of clothing who will benefit?
21. Which of the following is not true of an International Purchase Order?
22. _____ unemployment is when workers are jobless and looking for work.
23. Who is also benefit of International trade?
24. What is Mexico's biggest international market?
25. The benefits that a person or a company obtain from the production and investment with their products constitutes the
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