Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 74
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 74 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. What is an advantage if a region specialises in a narrow range of products? A Other regions will become over-dependent on the region. B Scarce resources are used more efficiently. C The level of production in the region will decrease. D The region's system of transport is improved
2. The total Value of goods and services traded is considered to be
3. Which includes international trade in services
4. International trade is subject to _____
5. Import quotas are another common barrier countries use.
6. Watches made in China are worn by people in Nassau
7. Development of _____ and communication sectors combined with the need to improve living conditions.
8. Which theory suggests that nations will develop comparative advantages based on their locally abundant factors?
9. The value of one country's currency expressed in terms of another country's currency is referred to as the:
10. This document is used when sending goods by air:
11. As a challenge to Global trade, Intense competition refers to _____
12. Foreign investment can be in the form of _____
13. The difference between the value of a country's visible and invisible exports and the value of its visible and invisible imports is referred to as the
14. Which of the following is not true about joint venture?
15. What is the income earned by specialists used for?
16. Comparative advantage is the reason for why countries trade.
17. What protects the intellectual property created by artists?
18. The policy of exporters selling goods abroad at cheaper prices than at home is one of the obstacles in international trade, namely_____
19. The government tells people what to buy and how much to buy:
20. Markets in which there are many buyers and sellers, none of whom represents a large part of the market-firms are price takers.
21. 3/ What does External Economies of Scale Trade Based On?
22. The headquarters of World Trade Organisation (WTO) is situated at:
23. The greatest _____ of being a parent is to see your child make a wise decision
24. A system of imposing extra costs on imports; isolating and not engaging in trade with other countries:
25. Purpose:To make imported goods more expensive
← PreviousNext →

Related Quizzes

🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books