Global MCQ Practice

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International Trade Quiz 137 (25 MCQs)

Quiz Instructions:

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1. Problems faced in performance appraisal include_____
2. Which of the following is not a benefit of trade barriers?
3. On June 24, 1497, Cabot spotted land and felt sure he had discovered a very quick route to India.
4. USA decided to buy coconut products from the Philippines. This is an example of:
5. The firm's value creation is measured by the difference between value of product to an average customer and cost of production per unit.
6. The principles in the Multilateral Trading System (MTS) are_____
7. Goods imported from abroad are called_____
8. What does effects of international trade within countries does the Ricardian Model assumes away?
9. An _____ economy is the economy of a developing nation.
10. The practical application of techniques and knowledge is called
11. Assume the real interest rate in country x increases relative to other countries. What will happen to the value of the currency and net exports in country x?
12. There are many _____ you can fly to from Middle East.
13. What is important to review when generating a tariff invoice?
14. What are tariffs and how do they affect international trade?
15. Which of the following does not belong to the arguments in favor of trade barriers?
16. One legal effort that can be taken to restore/improve a situation as a quick (unilateral) response to the impact of losses due to the implementation of subsidies is:
17. Whereas in a closed economy _____ an open economy is one where _____
18. About how much of the total federal budget does foreign aid account for?
19. The currency of most countries within the European Union
20. The purchase of a foreign service is an example of
21. To overcome the negative impacts of international trade can be done by_____
22. A governmental action that is the opposite of privatization is _____
23. It is a classical theory today when a country's goal is to achieve and maintain a trade surplus
24. The incorrect statement below regarding Certificate of Origin (COO) is_____
25. When the dollar strengthens it pushes the balance of trade toward a
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