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International Trade Quiz 33 (25 MCQs)

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1. The production of just a few items is
2. The positive impact of international trade is_____
3. Activities of purchasing goods from abroad
4. Before World War I, the world's major currencies where fixed in terms of what?
5. The activities of a country to bring in goods from abroad are called
6. You purchased a potato from overseas in your own name. Is this an international trade?
7. A. I don't think we have been introduced before. My name is Linda Smith.
8. "shipper" is the same as "consignor"
9. The ability of a country to produce a good at a lower opportunity cost than another country can.
10. What mode of transport allows companies to transport large quantities at a low cost?
11. Select the potential effects of embargoes, tariffs, and import quotas. C
12. The basis for international trade stems from
13. What does FDI stand for in international economics?
14. What might encourage international specialisation between countries? A free trade B inefficiencies in production C labour immobility D tariffs
15. A nation will gain if:
16. Who has established official abbreviations for all currencies, which are now commonly used?
17. Which of the following transactions would increase the current account surplus in Japan's balance of payments accounts?
18. What is the foreign exchange rate?
19. Four attributes consisting Porter's Diamond, except:
20. What is meaning about absolute advantage?
21. _____ is the development of industries in a country or region on a wide scale.
22. The seller must deliver the goods and pay the costs at their own factory. Until the goods are placed on the side of the ship at the port of origin as specified with the buyer, which form is INCOTERM?
23. Preferential Trade Agreement is just the need for goods to trade only compared to the tariff setting for member countries, do you agree?
24. Comparative advantage is used to explain the relationship between specialization and international trade.
25. Here are the effects on import quota except
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