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International Trade Quiz 50 (25 MCQs)

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1. What is the term for a non-financial benefit of FDI, such as a transfer of knowledge, technology, or management technique?
2. What one risk of being involved in exporting and importing?
3. Equilibrium in the economy is when
4. Exchange of goods and services.
5. In the production of particular products because of given climatic conditions, accesstoparticular resources, the availability of labor, etc.
6. What is a trade barrier?
7. Which is the correct INCOTERMS below?
8. How much your money is worth in other countries is known as _____
9. If you write an original story, what type of intellectual property gives you the right to decide who can make and sell copies of your work?
10. Free Trade reduces the barriers that once stood between nations
11. The difference between bid and offer rates is called a premium.
12. Euros = 9 dollars2020-10 euros = 10 dollars Which of the following is true of the currencies above?
13. This document gives information about the country where the goods were manufactured:
14. Balance of trade is favorable when imports are higher than exports
15. He small jet _____ between Kuala Lumpur and Singapore nearly every two hours.
16. What is the most secure method of payment for the IMPORTER?
17. It means the price includes the cost of goods, insurance and transportation to the destination port.
18. What is the main purpose of freight forwarding in the transportation and logistics industry?
19. Coffee is the most traded drink in the world?
20. These ports are collection centres where the goods are brought from differnt countries to export.
21. A debt security that promises to repay the amount borrowed, with a fixed amount of interest at a future date. These are issued by Governments and large companies?
22. Trades carried out by residents of an area with residents of another area within one state border on the basis of a collective agreement are called _____
23. What is the North American Free Trade Agreement (NAFTA)?
24. It measured the income received by a country from domestic and foreign trade
25. The condition of Earth's atmosphere at a particular time and place.
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