Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 135
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 135 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Balance of trade is measuredas:
2. The purpose of establishing the WTO is_____
3. What is an example of a trade agreement?
4. Provide information on policies, incentives and facilities to start on operation either in the Manufacturing or Services Sector in Malaysia
5. Opponents of free trade often argue that trade with other countries destroys domestic jobs. If you are a proponent of free trade, what would your argument be?
6. According to the principle of comparative advantage, two nations (or individuals) can trade bananas successfully as long as they don't have the same _____
7. The gravity model postulates that, other things equal, the _____ (and the more equal in size) and the _____ the 2 countries are, the _____ the volume of trade between them is expected to be.
8. In International Trade, Banks facilitate/play a role in the following except _____
9. National Security and Domestic Product are two reasons for Trade Barriers.
10. How do import quotas and export subsidies impact international trade?
11. What is the potential impact of increased production of exports?
12. What is the term for a group of producers who regulate the production, pricing, and marketing of a particular product?
13. An example of the role of government households when they become consumers is _____
14. In domestic transactions, the buyer can often obtain possession of the merchandise without signing a formal document acknowledging his or her obligation to pay.
15. What is the term for the difference between the value of exported goods and the value of importedgoods?
16. _____ generally gives a pleasing get up to his shops
17. Artemis gives us a good price on this because they are our _____ suppliers.
18. Free Market Economy is true for which of the following?
19. Most of the world merchandise trade is composed of trade in _____
20. Commodities that aren't essential and urgent but provide comfortability and satisfaction to human life.
21. Sell a good or service to another country.
22. If a nation limits the import of goods such as clothing, using various trade restrictions, who will benefit?
23. If goods are exchanged with the in the country then it is called.
24. What are events or issues that a government addresses within it's own country?
25. Value of all goods and services exported from a country minus the value of all goods and services imported from outside the country.
← PreviousNext →

Related Quizzes

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