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International Trade Quiz 3 (25 MCQs)

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1. True or False:Having a trade surplus means the country exports more than it imports, while having a trade deficit means the country exports less than it imports.
2. Which of these is a disadvantage of trading internationally?
3. What is the World Trade Organization (WTO)?
4. Open market operations take place when the
5. The Japanese government was pressurized place limits on the number of vehicles exported to the United States by Japanese automobile producers in 1981. This is an example of:
6. What is the term for when an individual person or a company owns enough stock to choose the company's board, management, and policies?
7. Which of these is an advantage for trading internationally
8. Which country first signed the Convention on International Trade in Endangered Species of Wild Fauna and Flora?
9. (a) List FOUR (4) types of method of payment in Islamic international trade.
10. Which of the following ideas is closely linked to the theory of absolute advantage?
11. Which economic theory suggests that a country should specialize in producing goods?
12. Which mean is more expensive?
13. Raw materials proper from Colombia are definitely not
14. Which of the following is not a disadvantage of International Trade
15. The primary focus of the Trade-Weighted Value of the Dollar is to:
16. The following differences give rise to international trade:
17. Companies that sell products from within the country to abroad are called_____
18. The agency that was created to police the General Agreement on Tariffs and Trade (GATT)?
19. Country A sells goods to Country C. Country A acts as_____
20. Goods and services a country produces and sells to other countries
21. A J curve suggests that:
22. The WTO is a global organization that helps
23. Which of the following is least risky?
24. If the seller and buyer agree that the transaction will be paid in full by the buyer at a later date on the agreed date, the payment method is called_____
25. Which of these are negative impacts of a multinational company?
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