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International Trade Quiz 62 (25 MCQs)

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1. The international trade between _____ is like a vast game of beggar my neighbour.
2. What is a definition of Multinational Companies?
3. What did the General Agreement on Tariffs and Trade (GATT) aim to do?
4. Gains from trade ALWAYS exist when
5. A policy of high barriers to trade.
6. Factors that affect foreign exchange rates, except _____
7. _____ are taxes on imported goods and raise the price of imported goods above the world price.
8. Which is true about the relation between inflation and trade balance?
9. Why do countries impose tariffs on imported goods?
10. Tariffs are very important in international trade as a catalyst for the development of national profits and traders.
11. Export-biased growth in Home will
12. Which of the following issues is the center of an anti-globalization argument?
13. The United States imports oil from Saudi Arabia. Japan exports cars to the United States. The United States sells high technology to Saudi Arabia. Which of the following is a valid conclusion that can be drawn from these statements?
14. Who introduced the concept of comparative advantage in the early 19th century?
15. The dollar weakens.
16. An important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country:
17. It is a statement that keeps track of all economic transactions done by the country with the remaining world.
18. This agent helps importers and exporters move their goods through customs.Customs brokers prepare documents, assist with communications, and arrange payment of duties.
19. William is studying the foreign exchange market and notices that a particular currency is appreciating in value. What does this mean for that currency in the foreign exchange market?
20. T or F:The global supply and demand will ensure productivity
21. What year ended the Bretton Wood System?
22. Trade between two countries can be useful if cost ratios of goods are Equal
23. In order to get a full _____, customers must send back goods in the original packaging.
24. There are _____ stage(s) involves in the product cycle model
25. Although businesses actually trade with one another, it is the countries' _____ that negotiate trade agreements.
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