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International Trade Quiz 160 (25 MCQs)

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1. What are the major challenges faced by countries in international trade?
2. Which of the following is not a main argument in favor of protectionism?
3. A situation in which producers in one nation depend on others to provide goods and services they do not produce is called
4. Physical control to ban the imports of certain goods because of economics, social and politics is known as
5. Type of trade barrier that places rules on quality of products
6. What do businesses need to import from the EU and export to the EU?
7. Which country is a leading exporter of insurance services?
8. If the U.S. dollar is strong compared to the Japanese yen, then the dollar buys
9. According to the method of payment as bank transfer, what are the role of banks?
10. Foreign trade creates _____ among countries
11. A note or _____ is provided stating the total nominal value of the goods shipped.
12. Taxes on goods entering a country
13. It is one of the seven themes of international economics where an exchange of goods and services between countries almost always result to mutual benefit
14. New capital outflow refers to which of the following
15. An international bank that offers low-interest loans, advice, and information to developing nations; an agency of the United Nations.
16. Which factor is NOT typically considered when selecting a business location?
17. This department solves problems with hardware and software in a company
18. Name the parties who form the main players in Islamic international trade
19. Indonesia's export commodities originating from agricultural products are_____
20. A trade deficit represents an inflow of domestic currency to foreign markets. This may also be referred to as a negative balance of trade (BOT).
21. The US produces goods and sells them to another country. These goods are called
22. What is considered the direct economic cause of the US-China trade war mentioned in our presentation?
23. When a government orders a complete ban on trade with another country, that is an example of a/an
24. What has the country done as an anti-dumping measure?
25. What Goal of the transportation and logistics industry focuses on achieving a reliable and efficient supply chain?
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