Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 40
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 40 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. An advantage of international trade:Additional markets (i.e. markets abroad) allow firms to exploit more economies of scale-if the additional markets mean there's an increase in demand for their products.
2. A limit on the amount of a good that can be imported
3. A favorable balance of trade that occurs when a country's exports are greater than its imports
4. Following the imposition of a $4 per-unit tax in a competitive market, the seller's after-tax price falls from the original equilibrium price of $12 to $11. Which of the following statements relating to the imposition of the tax is true?
5. It's an example of a tariff measure according to the weight or volume, for example, USD$ 0.338 per kilo.
6. Country Z has a downward sloping domestic demand curve and an upward sloping domestic supply curve for widgets. In the absence of trade, the domestic price of widgets is P0. Now the country engages in trade, and the price for widgets is Pw. This is below the domestic price of P0. Which of the following will occur?
7. TWO (2) advantages of sale on open-Account basis to an exporter.
8. (a) determine the value of one currency in terms of another, influencing international trade.
9. The stages in the panel process for dispute resolution include, among others_____, except:
10. What is International Trade?
11. When a country exports a lot more goods and services than they import, it causes job losses, a lower standard of living, and is bad for their economy
12. What doesn't a Packing list include?
13. Which two trades are intermediate between the producers and final comsumers?
14. Suppose, the nominal interest rate rises by 5%, the domestic inflation is 2% and the foreign inflation is 4%. How much will the real exchange rate change? $%\Delta\epsilon\ =%\Delta e\-\ \pi_{f\ }+\pi_d$
15. Which international organization aims to promote economic cooperation and integration among European countries?
16. After rationalisation the company was _____ and its order book was full.
17. Which of the following involves the transportation and delivery of goods?
18. What is most likely to happen if South Korea builds a factory in Switzerland that becomes profitable?
19. Selling the same product and using the same promotion methods in all countries.
20. It's a person or bussiness that helps to importers or exporters to move their goods through customs.
21. What is a major function of the WTO?
22. Which conflict is usually more important in determining trade policies?
23. Advantage on specialisation by country
24. _____ the difference in value between a country's imports and exports.
25. Currency used in Mexico
← PreviousNext →

Related Quizzes

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