Global MCQ Practice

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International Trade Quiz 142 (25 MCQs)

Quiz Instructions:

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1. They are taxes or fees levied on goods when they cross international borders. These duties are collected by customs authorities to regulate trade and generate revenue for the government.
2. Who is the proponent of the Principle of Comparative Advantage?
3. New _____ are still being discovered today!
4. Protectionism is a form of _____
5. What is the purpose of the General Agreement on Tariffs and Trade (GATT)?
6. Manufacturing and selling a computer inside a single country is called
7. The economy performs best with minimal government interaction in the market.
8. In general, we can define the meaning of negotiation as_____
9. Discuss the advantages of free trade for a country's economy.
10. The goods and services that a country produces are not planned by anyone. Production is determined by the interaction of supply and demand and signaled to producers through the price system.
11. All are the International Chamber of Commerce core services/activities include:except
12. What is the main objective of subsidies?
13. What is a CMR Document?
14. The _____ was so big, you could walk inside it.
15. Which of the following is NOT an advantage of importing goods?
16. What is the potential impact of international trade on global environmental issues?
17. What is meant by non-tariff trade barriers?
18. How much did world trade volume increase from 1990 to 2015?
19. Efforts to develop economic activities based on innovative ideas and concepts of individual people in society are called_____
20. Natural trade and free trade are the same
21. *Settles international trade disputes using mediation*Reduces trade barriers world-wide _____
22. Complete:Greg _____ with the eBay seller and ended up saving $15 off the price of the guitar.
23. Which of the following is proof that international trade is beneficial?
24. Which of the following is a part of capital account?
25. Which of the following situations would most likely occur if the dollar's exchange value dropped in relation to the Japanese yen?
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