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International Trade Quiz 58 (25 MCQs)

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1. What is not a reason for the USA to trade?
2. The nature of goods and serives traded is called
3. A certificate of _____ shows that the goods meet the required standards prior to shipment.
4. Pakistan and Tajikistan drew up a PTA in 2012
5. A trade deficit occurs in which of the following situations?
6. Includes the following countries:Iceland, Liechtenstein, Norway and Switzerland
7. Promote international monetary cooperation
8. What is a valid economic argument in favour of trade protection?
9. To selling only children garments is the example of
10. With regards to international trade, the US consistently has
11. International trade is actually a war since only developed countries achieve greater prosperity.
12. To stop buying a good or service for trade or political reasons
13. David Ricardo introduced the theory of comparative advantage
14. These refer to economies of scale enjoyed by an entire industry. For instance, suppose the government wants to increase steel production. In order to do so, the government announces that all steel producers who employ more than 10, 000 workers will be given a 20% tax break.
15. Taxes on goods coming into a country from another country
16. The largest employer in the state of Georgia is _____
17. Which of the following is not a type of e-commerce business transaction?
18. Which term refers to a company operating in multiple countries?
19. What is the term for sending goods or services to another country for sale?
20. Samuel de Champlain was the one who wrote about his discovery of the Niagara Falls in Canada.
21. International trade also allows countries to specialize in producing narrower goods and giving them what?
22. Heckscher-Ohlin theory explains comparative advantage enjoyed by countries in the production of certain goods in terms of underlying differences in consumer tastes and preferences.
23. How many countries use the Euro?
24. The creative industry can develop rapidly if supported by the following factors, except_____
25. What type of trade barrier would there be if the government gave money to farmers in order to lower the cost of their goods in relation to foreign farmers?
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