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International Trade Quiz 15 (25 MCQs)

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1. Which of the following is a condition of Dunning's eclectic theory?
2. Who has the Comparative advantage in Tea?
3. Limiting the amount of an export into the country _____
4. When does the relative prices of goods becomes equal to their relative unit labor requirements?
5. Clay pots made in Arizona are used by families in India.
6. When real exchange rate increases then
7. Promote the development of the manufacturing industry in Malaysia, it is also the provision of medium and long term loans.
8. The producer that can produce the most output OR requires the least amount of inputs (resources)
9. How were different cultures and philosophies discovered
10. A newspaper reported that exports from Sweden remained low for five months as changes in the rate of exchange meant that Swedish goods became more expensive to buy abroad. What else would be likely to happen? A Imported goods would become cheaper in Sweden. B Swedish people would switch to buying home-produced goods. C The Swedish balance of payments would improve. D The Swedish balance of trade would improve.
11. There are many different countries that trade goods and services, so a(n) _____ is established.
12. Which country is the world's largest importer?
13. Which country is the United States biggest import partner?
14. Most of our _____ have been working with us for a number of years.
15. They focus their attention on countries experiencing short-term economic crises
16. Most students are confused by her lectures, but Joe can always _____ her main idea
17. Portfolio investment means one company invests in another company by way of investing in its securities and earning income in the form of interests and dividends.
18. What is the acronym of GDP?
19. Can an international trademark registration obtained through the WIPO Madrid System be cancelled or invalidated?
20. Production possibility frontier skewed to the X-axis because of _____
21. What are non-tariff barriers?
22. Which method of payment is the least risky for an exporter?
23. Why was life on the silk Road difficult
24. The economic and political union of European nations established in 1993 is called the
25. It refers to business activities that transfer resources, goods, services, knowledge, skills, or information across national borders
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