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International Trade Quiz 26 (25 MCQs)

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1. To generate internal funds, an economy must
2. A market economy:
3. A situation where a company may be involved in a business transaction, other countries, in general, attempts to market the production to another country.
4. When exports exceed imports, there is a trade _____ in the economy.
5. One of the following is NOT a protectionist measure:
6. If a country is an importer, quantity demanded can be found where the
7. The United States currently has this type of trading agreement with North Korea.What is this an example of?
8. Who has the comparative advantage in Food?
9. One of the benefits of free trade is that it _____
10. The following is an activity that causes a country's foreign exchange to increase _____
11. How is a country most likely to reduce imports?
12. To join the Eurozone, a country must _____
13. It includes the investment of available funds in foreign companies to get returns.
14. What is more likely to result from rather than cause economic development? A a depletion of non-renewable resources B a move towards free trade C a stable political and legal system D more private and less public sector activity
15. Why do businesses often opt to trade in developed countries?
16. In 1987, the United Nations General Assembly passed a resolution that prohibited countries from buying oil from South America. This was done to persuade South Africa to end the racist policies of apartheid. What is this an example of?
17. The difference in value between exports and imports of a nation.
18. It introduces opportunity cost as a factor for analysis in choosing between different options for production.
19. The following is an example of the creation of technology transfer due to international trade _____
20. Factors of production include labor, capital, and raw material for producing goods and services that are available at different rates in different countries.
21. Exports exceed imports
22. What is the meaning of exchange rate?
23. "advising bank" = banco notificador
24. Rate of increase of prices in a country each year
25. There is a strong empirical relationship between the size of a country's economy and what?
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