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International Trade Quiz 129 (25 MCQs)

Quiz Instructions:

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1. Which of the following is not types of protectionism?
2. Which calculation is used for working out the exchange rate in Pounds?
3. More international trade has made the world's countries more _____
4. The most exported good in Viet Nam in 2019?
5. Imitating country is license country to produce a particular goods and services
6. According to the history of trading, the oldest route was probably from the Malabar coast or Syria up to the Persian Gulf.
7. Has to do with time or other resources that go into making something
8. Approaches to social responsibility include_____
9. The monetary difference between a country's imports and exports
10. Revenue tariffs are levied to
11. Since 2000 a country's export prices have increased on average by 50 % and its import prices by 25%. What is the current figure for the country's terms of trade (2000 = 100)?A 75 B 83 C 120 D 125
12. A trade agreement between Canada, Mexico, and the US
13. Europe's trading bloc.
14. The GATT was a bilateral agreement whose objective was to liberalize trade by eliminating tariffs, subsidies, import quotas, and the like.
15. Which trade organization includes nations on the Pacific Rim?
16. Banco emisor = advising bank
17. A country with very rich soil and a tropical climate decides to concentrate on growing coffee. This is known as
18. This instrument in Trade Policy is variously defined as selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their "fair" market value.
19. Government based restrictions placed on international trade
20. Currency appreciation results in
21. How do free trade agreements benefit participating countries?
22. China is known as:
23. This instrument of Trade Policy is a tax placed on the export of a good. The goal behind this tariff is to discriminate against exporting to ensure that there is sufficient supply of a good within a country.
24. An economist argue that two nations need not be identical in every respect for mutually beneficial trade to result from increasing return to scale.
25. The Government's approach to innovation and science fosters globally competitive businesses and institutions that provide better paying jobs.
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