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International Trade Quiz 134 (25 MCQs)

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1. Purchase and sell of goods and services by companies in different countries
2. Which group is MOST LIKELY to benefit if the US Dollar appreciates against the Mexican Peso?
3. Which of the following is NOT an example of an origin criterion necessary for taxation upon import of goods?
4. Where do USA citizen's go to obtain help, while in a foreign country?
5. How much the currency of one nation is worth compared to the currency of another nation
6. Goods produced in one country then shipped to another region or country are called:
7. If a country allows trade and the domestic price of a good is higher than the world price _____
8. A business agreement where one organization grants permission to another organization to produce its product for a mutually agreed-upon fee.
9. Question 5:A/An _____ draft requires the importer to pay when goods are delivered.
10. New trends in International Trade
11. The exporter has sent the goods before payment, and payment is received after the goods are sold by the importer
12. Discuss the advantages and disadvantages of international trade for a country's economy.
13. It is an economic policy aimed at protecting domestic industries and jobs by imposing trade barriers, such as tariffs, quotas, and subsidies, to limit foreign competition.
14. The process of banning the imports of certain goods because of economics, social and politics is known as
15. Which of the following is not included in the classification of insurance contracts based on the object of insurance?
16. When a country can produce something at a lower opportunity cost, it has a_____
17. In terms of both imports and exports, our largest trade partner is
18. What does NAFTA stands for?
19. What type of advantage shows who can make the most item?
20. All are the basic methods of payment could then be listed as follows:except
21. In which stage of the international product life cycle does the innovating firm's country become a net importer of the product?
22. Explain the difference between trade deficits and trade surpluses.
23. In 2 hours, Vietnam can produce either 100 kgs of rice or 40 pairs of shoes. What is the opportunity cost of rice production?
24. What is the most direct means of correcting a deficit in the balance of payments?
25. Which of the following is a key benefit of international trade?
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