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International Trade Quiz 45 (25 MCQs)

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1. What is one negative impact of foreign investment in the Australian economy?
2. Permitting another party in a foreigncountry to produce and sell goodsunder your trademarks, patents orcopy rights _____
3. These ports handle general cargo-packaged products and manufactured goods. These ports also handle passenger traffic.
4. Pakistan is the _____ largest export economy in the world.
5. Exchange of goods and services among businesses in various countries
6. What is the main reason countries may restrict international trade?
7. The following our included in the current account except
8. What has been the impact of trade liberalisation on the Australian economy over the past 30 years?
9. The BSP defines Open Account as a mode of payment wherein payment is made at least how many calendar days after transport document date?
10. The product life cycle theory suggests that over time, demand for the new product would grow in other advanced countries making it worthwhile for foreign producers to begin producing for their home markets.
11. Bilateral Payment Agreement (BPA) is an agreement between all the central banks of the developing countries. Which statement is FALSE?
12. Which of the following is not true about 'Balance of Trade'?
13. ANti-dumping rule is one of the way of government to intervene in trade.
14. In 2019 Nigeria exported $34 billion worth of goods, but imported $46 billion worth of goods. This is called a _____
15. The type of intermediary is_____
16. Rates apply to activities:
17. It is one of the reasons why firms expand internationally that used aggressive tactics like seizing market opportunities _____
18. The lower the intensity of competitive pressure, the higher the price charged relative to the cost of product.
19. A tariff is a tax on what?
20. It is largely theoretical policy under which governments impose absolutely no tariffs, taxes, or duties on imports or quotas on exports.
21. A disadvantage of a nation having a merchandise deficit is that this deficit may require
22. What gave the silk Road its name?
23. Barrier to trade that places a tax on imports
24. Which of the following is an example of an imported product?
25. Why do governments establish international trade policies and agreements?
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