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International Trade Quiz 128 (25 MCQs)

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1. There is a chance that MNCs can be able to explore and exploit new markets that are not yet tapped or discovered. As a result, they could be able to market their products at a higher price.
2. The wholesaler buys goods in a _____ quantity
3. What is the main reason consumers and firms buy abroad, as mentioned in the text?
4. An agreement between nations or a group of nations in which all parties agree to a set of terms for the exchange of goods and services
5. Items transported out of a country to a foreign country
6. The subsidy categories based on the SCM Agreement are, except:
7. Why do businesses change their location in other countries?
8. Which of the following trade barriers is a block on trade with another country?
9. What is one way that a negative trade balance can be converted into a $0 balance of payments?
10. According to the factor-endowment model of Heckscher and Ohlin, if China is heavily endowed with land, this country will _____
11. A formal agreement to cooperate together towards a common goal is
12. Could we reach a _____ on this matter? Let's take a vote.
13. An exchange of internally produced good and services within a country.
14. The amount of one country's currency that is equal to one unit of another country's currency.
15. A theory which is based on opportunity cost.
16. International trade does not help provide more jobs to people.
17. What is capital?
18. Which of the statements below does NOT support a free trade policy?
19. What is the impact of investments on a nation's balance of payments?
20. _____, according to Smith, promotes international division of labour.
21. The North American Free Trade Agreement proposed free trade between the United States and
22. Which of the following is an advantage of international trade?
23. International trade contributes and increases the world _____
24. Who should import capes?
25. What role does the transportation and logistics industry play in international trade and commerce?
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