Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 132
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 132 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. All business activities conducted between individuals, companies, and governments
2. When one country refuses to trade with another country because of political or infringements of human rights it is called:
3. He spice _____ of the eastern markets charged top prices to the Dutch and British sailors, who had come too far to sail away without buying
4. Cotton grown in South Carolina is shipped to Spain.
5. Producer households that are owned by the government are _____
6. Why did the caravans travel with bodyguard?
7. Which Act governs the international transfer of 'goods and technology' in Canada?
8. Technological gap model is _____
9. The US President signed a trade agreement which allowed more duty-free access to the US market for Latin American and Caribbean countries. Who might benefit in the short run from this agreement? A Caribbean countries, because they may export to Latin America. B Latin American businesses, because they may be able to sell more in the US. C Latin American governments, because they will not have to pay so much duty.D The US, because it may export more to Latin America.
10. One advantage of free trade is:
11. Which is not true about balance of trade and balance of payment
12. What is meant by a depreciation in the foreign exchange rate?
13. A country that concentrates on producing and selling one particular product demonstrates this concept
14. Which statement BEST reflects the impact on domestic consumers of tariffs and quotas?
15. Which region is likely to experience increased production and consumption of global commodities, goods, and services in the context of spatial distribution?
16. Who is the world's largest importer?
17. Determine which country has the comparative advantage:The US can produce 20 planesFrance can produce 12 planes
18. According to the Standard Trade Model exposited in the text, the offer of a subsidy on the export good by the Home country
19. When a country imposes a tax on imported goods, it is known as:
20. The international business as it exists today is to a great extent the result of _____ specialization.
21. What is an advantage to a country of free trade? A greater international diversification of production B greater range of domestically produced goods C greater reliance on other countries D greater specialisation in the use of resources
22. Ever since _____ published The Wealth of Nations in 1776, the vast majority of economists have accepted the proposition that free trade among nations improves overall economic welfare.
23. Which of the following situations would encourage the European Union to put tariffs on imports?
24. 5/ What is the primary goal of countries engaging in international trade due to specialization driven by external economies?
25. What are trade barriers?
← PreviousNext →

Related Quizzes

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