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International Trade Quiz 7 (25 MCQs)

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1. Something that blocks you so that movement, going forward, or action is prevented or made more difficult
2. What was the purpose of the founding of the European Union (E.U.) in 1993?
3. Forms of financial contribution are:
4. Complete:Before he bought his new BMW, Jim _____
5. What is an advantage of international specialisation? A Choice is limited. B Countries become over-dependent on each other. C Resources are used more efficiently. D Transport costs are decreased.
6. How does the specialisation lead to great efficiency?
7. Exchange Instability is the main reason that discourages businesses in going online.
8. A country imports goods and services that are comparatively more desired than abroad
9. What determines what a country can produce efficiently and successfully?
10. The customer and the shopkeeper _____ over the silver plate for more than an hour
11. The purpose of employee performance appraisal is_____
12. Which of the following is NOT a factor affecting international trade?
13. Alexander Hamilton proposed the Infant Industry Agreement in 1972.
14. Countries adopting mercantilism favor:
15. Tariff increases the price of imported goods.
16. Huge Foreign Indebtedness is the main reason that discourages businesses in going online.
17. Why does the US import a lot of clothing?
18. Which account indicating reserves of Forex with RBI
19. A ban; government prohibits the import of that item.
20. Making, buying, and selling goods and services within a country is called
21. Explain the exporter's responsibility under the shipment term of "CPT place of destination Incoterms 2018."
22. If you are traveling to a foreign country and have your fortune told on the roadside and pay a certain fee (cash settlement, local currency), is this considered international trade?
23. Comparative Advantage is _____
24. Helps businesses compete with industry leaders
25. The Royal Malaysian Custom Department (RMCD) delegated the Malaysian Timber Industry Board to issue the import licenses for timber and timber products in Peninsular Malaysia and Sabah.
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