Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 154
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 154 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. What is an example of a service provided by the transportation and logistics industry?
2. Which of the following is the best example of foreign direct investment?
3. Who has the comparative advantage for capes?
4. What is the role of economies of scale in international trade?
5. The combination of logistics systems and information systems is a particularly potent source of cost expenditure in many enterprises
6. The World Trade Organization (WTO) oversees international agreements that attempt to
7. Which is systematic record ofall the economic transactions between one country and rest of the world
8. What is not a foreign policy goal?
9. How does international trade contribute to economic growth?
10. Developed nations have all of the following except
11. In autarky, if the home country wants to produce and consume both goods, the relative goods prices will be _____
12. This theme of international economics is concerned with the trade surpluses and trade deficit of a country.
13. A _____ is a system under which the forces of supply and demand establish the value of one's currency relative to another country's currency
14. Explain the concept of trade barriers and provide examples of different types of trade barriers.
15. What is included as part of the current account of the balance of payments? A all government income and expenditure B money withdrawn from a bank account C investments in other countries by manufacturers D trade in goods and services
16. *Firms can set the same prices across markets. These prices reflect trade costs as well as the level of competition perceived by the firm.
17. The Balance of Trade is
18. WHO ISSUES THE BILL OF LADING TO THE EXPORTER
19. When a country can produce something more efficiently, it has a
20. What is the purpose of a tariff?
21. Many low-income countries rely on multinational companies (MNCs) to provide economic development. What is a disadvantage of this for the low-income country? A Local firms close because MNCs are more efficient. B New production techniques are introduced. C The balance of payments may improve. D The MNCs have to pay taxes on their profits.
22. The most appropriate factor that encouraged the birth of the following free trade organizations is_____
23. Which of the following is a trade organization made up of southeast Asian countries?
24. Temporary protection of domestic industries enables them to gain _____ _____ before competing with foreign industries: "infant industry argument"
25. What is a disadvantage of increasing international specialisation?
← PreviousNext →

Related Quizzes

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