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International Trade Quiz 124 (25 MCQs)

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1. What is not the key change in global trade?
2. Documentary collection also called _____
3. A refusal to trade with a country; imposition of economic sanctions
4. In recruitment, attention must be paid to the suitability between_____
5. Which country exports (sells to other countries) the most to other nations?
6. Who supports the need to protect domestic industries?
7. What does GATT stand for?
8. The standard rules of reference for the interpretation of the most commonly used trade terms in international trade are _____, issued by the _____
9. Which is not an advantage of int. trade:
10. This occurs when people, regions, or nations produce a narrower range of goods and services than they consume.
11. A midsize or smaller company that has operations in foreign countries.
12. Mass production is the production of small quantities.
13. The concept of balance of payments refers to the record of all economic transactions (a) during a specific time period.
14. "Protectionist" trade policies are design to
15. What are the advantages of engaging in international trade?
16. Just as societies have cultures, so do business organizations.
17. If Pc/Pf were to increase in the international marketplace, then
18. All the businesses that make one kind of product or provide one kind of service.
19. What is the main benefit of trade according to recent research mentioned in the text?
20. In the Ricardian model, ountries will export goods that their labor produces _____ and will import goods that their labor produces _____
21. A group of neighboring countries that promote trade with each other and create barriers to limit trade with others
22. What year was the latest edition of INCOTERM?
23. Which is the correct option
24. In Vietnam, the unit labour requirement for Cloth production is 10 hours, while for Widgets is 20 hours. In Thailand, the unit labour requirement for Cloth production is 60 hours, while for Widgets is 30 hours. What is the true statement?
25. What are the main benefits of participating in a regional trading bloc?
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