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International Trade Quiz 64 (25 MCQs)

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1. The dollar strengthens.
2. Suppose you are the director of the overseas purchasing department of Langlangshan Company and you purchase a batch of potatoes from abroad in the name of your company. Is this behavior considered international trade?
3. The combination of a supermarket and a discount store is greater than a superstore i.e_____
4. Protectionism is similar to mercantilism as they both advocated _____
5. A nation can have an absolute advantage without having a comparative advantage in production.
6. All are the basic risks in international trade and investment, except
7. How do exchange rates affect international trade?
8. A Chinese man goes to Singapore to cure cancer with this country's private health care service. This is an example of _____
9. What is one main difference between PTAs and FTAs?
10. Which one of the following is a characteristic of globalisation
11. Tariffs, quotas, and embargos are examples of:
12. A country will become an exporter of a good if
13. In which of the following categories are there transactions of balance of trade recorded?
14. What would be one consequence of a prolonged decline in the value of the euro relative to the U.S. dollar?
15. Nations trade to have an efficient production of goods and services which requires combination of the right resources and technologies.
16. The NT principle is_____
17. Government makes payments to local suppliers to reduce the production costs of the supplier and help them compete in trade _____
18. A disadvantage of international trade:International trade increases globalisation, which has its own disadvantages
19. The theory of comparative advantage _____
20. What Is Free Trade
21. An unfavorable balance of trade that occurs when a country's import are greater than its exports
22. Balance of Trade
23. Goods that are bought and sold in trade. If being shipped or moved, it may be called FREIGHT or CARGO.
24. What organization negotiates and administers trade agreements among member nations?
25. A country wishes to increase a current account surplus on the balance of payments.Which action would it take?
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