Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 43
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 43 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Where there are economies of scale, an increase in the size of the market will
2. A primary reason why nations conduct international trade is because _____
3. What theme of international economics has an associated special risk like currency fluctuations?
4. In order to promote trade, countries often _____
5. The NT principles are regulated in the WTO agreement in_____
6. France imposes a limit on Avocado imports from Mexico.
7. What is most likely to discourage international specialisation and trade for an economy? A decreasing labour supply B decreasing transport costs C increasing oil prices D increasing trade barriers
8. When one country can produce a product with a lower opportunity cost than another country it is said to _____
9. A joint venture does not give a firm the tight control over subsidiaries that it might need to realize experience learning curve or location economies.
10. India faced serious food shortages in 1950's and 1960's. So food grains were an important item of import. What changed this condition after 1970's?
11. Of or belonging to a corporation, a business firm whose articles of incorporation have been approved in some state.
12. Balance of Payments uses the _____ system of accounting.
13. Why might Japan impose high tariffs on American automobiles imported into Japan?
14. The purpose why they create the Bretton wood system is to avoid World War 2 and depressions 2?
15. The difference between visible exports and visible imports is known as
16. Ways that must be taken to create economic superiority include_____
17. It is the exchange of goods and services between two countries.
18. Discuss the role of international trade in promoting peace and cooperation among nations.
19. Which of the following can tend to favor big businesses and vested interests as they have the resources to lobby most effectively?
20. The W T O works as:
21. The importance of trade for a nation can be measured by _____
22. GATT was established in _____ to liberalise the world from high custom tariffs and various other types of restrictions.
23. The proposal to conclude an insurance contract will be issued.
24. Trade agreement which provides fair trade rules, reduction on tariffs and other trade barriers
25. In the Ricardian model, the distribution of the gains from trade depends on _____
← PreviousNext →

Related Quizzes

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