International Trade Quiz 41 (25 MCQs)

Quiz Instructions:

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1. Can be a freight forwarder also who transfer the goods to main carriers for carriage.

2. Discuss the role of trade agreements and treaties in promoting international trade.

3. What is the 1 main differences between a union and an alliance?

4. To a macroeconomist, a trade deficit is synonymous with which of the following?

5. Is there any disadvantage to a government placing a tariff on imported goods?

6. The international agency that administers trade agreements and settle disputes.

7. When Import exceeds the Export then the disequilibrium will be deficit

8. This document proves that a policy has been taken out for goods in transit

9. The international trade organization consisting of over 160 member nations is called the

10. To ease shipping goods across borders, protecting the value of Innovation, creativity and branding

11. Occurs when a nation's exports exceed its imports

12. Difference between imports and exports

13. Which of the following is an example of an imported good?

14. What are intangible actions or tasks that can be bought or sold?

15. Which agreement created the largest free-trade zone in the world?

16. Methods of protectionismA government only buying from domestic producers, even if it means paying higher prices

17. What is the English name of World Health Organization?

18. It means one Company invest in another company?

19. The following parts of the creative economy subsector which are not abstract products are_____

20. The rate at which one currency is exchanged for another

21. The following are considered Transport Documents except _____

22. The trade-weighted value of the dollar explains that when the dollar is strong,

23. Which type of country is likely to have the biggest surplus in invisible trade?

24. An international organization based in Geneva that monitors and enforces rules governing global trade.

25. Local Content specifies the content of the material contained in an item that is released.