Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 125
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 125 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Which of the following is most directly affected by an embargo established by the United States?
2. All of the followings are assumptions in the absolute advantage theory EXCEPT
3. Several types of ethics in organizations and ethical management_____
4. The president was able to _____ a deal to forgive all Latin American debt in exchange for opening the border.
5. The EU and ASEAN have a trade agreement in effect since 1980, however the EU refuses to trade with Burma/Myanmar as long as human rights are an issue in that country. This is an example of which of the following?
6. When merchanidse is moved or shipped, it's called _____
7. If he forgot to pay his rent, his landlady would send him a _____
8. _____ argues that dynamic gains from trade may not always be beneficial.
9. Which concept explains why countries trade even if they have an absolute advantage in producing all goods?
10. The producer that can produce the most output compared to any other nation.
11. A negative balance of trade would ultimately lead to
12. If the pound is described as weak who benefits?
13. Comparative advantage focus on the relative productivity differences, absolute advanatage looks at the absolute productivity
14. Trade agreements help reduce barriers between nations for the benefit of the involved countries
15. Define trade deficit.
16. _____ decrease in the value of a currency relative to other currencies. If the value of the dollar decreases, it means that Americans can't buy as much when they travel or imports products.
17. When was WTO established?
18. It is one of the most famous ancient trading route. This route connected China and Ancient Roman Empire.
19. Lack of technology forced the country to
20. Duties imposed on imports
21. Name one disadvantage of international trade.
22. The manufacturing and/or sale of goods and/or services to satisfy the wants and needs of consumers to make a profit is:
23. To correct an adverse balance of payments, a government may
24. Protects infant industries, hurts domestic workers, labor standards are not the same, and to protect national security.
25. What is the impact of international trade on the efficiency and prices of goods and services, and how does it relate to the standard of living for people in different countries?
← PreviousNext →

Related Quizzes

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