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International Trade Quiz 153 (25 MCQs)

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1. What are dividends?
2. Instead _____ Chinese labor, the United States imports goods that were produced with Chinese labor.
3. Countries put a limit on trade to protect _____
4. The authority or organization that controls the flow of goods in and out of a country.
5. What is not a domestic policy issue?
6. A good or a service bought in one country that was produced in another is an _____
7. What is an example of a Customs compliance audit?
8. How do exchange rates impact international trade?
9. International mining companies came to the Malay Peninsula to, , , , , , , , , the region's massive tin deposits
10. Adam Smith's theory of absolute cost advantage in international trade was evolved as a strong reaction of the _____ mercantilist views on international trade.
11. Comparative Advantage is about
12. Planned economy is also called as Command economy
13. People, Services, Investments and goods can move freely between Spain and Germany
14. The US can produce 1 ton of sugar using 4 acres of land, or they can produce 1 ton of avocados using 6 acres. Ecuador can produce 1 ton of sugar using 5 acres of land or 1 ton of avocados using 4 acres. Which country should produce avocados?
15. It is when the country's rationale behind why firms expand internationally can basically be explained in terms of the pursuit of additional gains and be obtained in the domestic market _____
16. Import trade is a type of international trade which involves _____ of goods and services from another country.
17. Suppose that there are two factors, capital and land, and that the United States is relatively land endowed while the European Union is relatively capital-endowed. According to the Heckscher-Ohlin model
18. For maritime transport
19. The ability to produce more of a given product using a given amount of resources.
20. Goods and services brought in from another country is an
21. Which of the following trading block uses single currency?
22. Selling goods to a foreign country is called
23. A protective tariff is used to do which of the following?
24. What are the main functions of the foreign exchange market?
25. Embargoes are used to help countries.
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