Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 121
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 121 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Canada placed a tariff on the following countries for importing steel and aluminium:EU, China and United States
2. A protective tariff is used to
3. Absolute Advantage is _____
4. What is a benefit of tariffs? A increased choice B increased government revenue C more competition D more trade
5. Which countries are often hardest hit by trade barriers, as mentioned in the text?
6. What is the part of an economy that concerns services (as opposed to the production of tangible goods) called?
7. Imposing taxes on incoming goods is called policy
8. In Porter's diamond of competitive advantage theory, a nation's position in factors of production necessary to compete in a given industry refers to:
9. The most desirable alternative given up as the result of a decision
10. It's the main interest to involve the buying and selling procedures for public sector into the free trade agreements
11. Which of these suggest a J Curve effect
12. Which is not a Regional Interaction
13. A ban on certain goods entering or leaving a country
14. If the cargo is light but expensive, it's better to send it by air.
15. When exports are greater than imports
16. Amount by which a country's imports exceed its exports
17. What is an import?
18. By fully utilising all their resources, Country A can produce either 100 cars or 1000 scooters, whereas Country B can produce 50 cars or 250 scooters. Which of the following statements is CORRECT.
19. When a nation's economic policy increases competition, allows domestic goods to be sold all over the world, allows country to expose comparative advantage through specialization.
20. Removes taxes and tariffs on a countries exports
21. In the context of international business, what does FDI stand for?
22. What are the requirements for an international trademark application to be accepted under the WIPO Madrid System?
23. The exchange of capital (money), goods, and services across international borders or between nations
24. International trade operates
25. Why do economists regard imperfect competition as undesirable?
← PreviousNext →

Related Quizzes

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