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International Trade Quiz 72 (25 MCQs)

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1. The customers are heterogeneous in _____ market due to differences in languages, preferences, customs etc. across countries.
2. Limitation on the quantity of products allowed to be imported into a country
3. Change in exchange rates can lead to _____
4. Trade Integration is important to facilitate the movement of goods in each country through GATT and WTO but it just does not help traders comprehensively
5. Method which intervenes on trade to keep payments balance and control the currency rate
6. In international marketing the main difference between a foreign branch and a foreign subsidiary is _____
7. Tries to keep a country's economy free from foreign influences
8. Which of the following is not classified as Classical Country based theory?
9. The following is an approach to analyzing ethical behavior, namely_____
10. What theme of international economics is concerned with the study of "who sells what to whom" ?
11. When the government (central bank) of a country decides what its currency willbe worth relative to other currencies
12. Why did most European countries prioritize self-sufficiency before the 19th century?
13. What does the World Trade Organization (WTO) do?
14. It is the best way to encourage free trade through the transit of goods between countries without paying taxes. Boosts trade through competitive and comparative advantages of goods.
15. Goods that are bought in trade. The name they recive when these goods are being moved or shipped.
16. What is balance of trade in a country?
17. In an effort to encourage free trade, a worldwide organization was create call the World Trade Organization.
18. According to economists, international trade among countries _____
19. Which of the following is equally TRUE for both individual trade between people and international trade between market economy nations?
20. Advancements in aviation contribute to time-space convergence by (a).
21. A company's use of an existing product or promotion from which changes are made to better suit the characteristics of a country or region.
22. How can businesses compete internationally without setting up stores abroad?
23. Which of the following is NOT a benefit of free international trade?
24. What percentage of the population in India is vegetarian, leading McDonald's to adapt its menu for this market?
25. Two producers will MOST likely have production possibility frontiers with the same slope if
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