Global MCQ Practice

Home > Finance > Economics > International Economics > International Trade > International Trade – Quiz 76
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 76 (25 MCQs)

Quiz Instructions:

Select an option to see the correct answer instantly.

1. Benefits that must be immediately given unconditionally to products from other countries can be in the form of:
2. If trading was not possible, the living standards or the standard of comfort would be higher.
3. What is the meaning of Boarder Crossing?
4. Underdeveloped nations tend to trade what type of goods
5. Islamic countries are members of the OIC (Organization of Islamic Cooperation) organization. This OIC is a form of cooperation_____
6. Between 1992 & 1994 cotton crop was affected by _____
7. The form of discrimination from an action can be reflected in_____
8. Economic development is important in countries because it
9. Which of the following is NOT true about the import demand curve?
10. Adam Smith was best known as an advocate of _____
11. Computers made in China are used by students in London is an example of _____
12. People who are in favor of free trade believe there should be several trade barriers put into place to restrict trade and that a country should be more reliant on itself. True of False.
13. Who has the comparative advantage in cars?
14. Which definition describes a trading bloc?
15. What does a certificate of Origin vouch for?
16. Succession of increasing trade barriers between nations
17. The following are the reasons for holding international trade, namely_____
18. Was established in 1946
19. In 2015, Russia banned the imports of food, such as milk, from the European Union (EU). Which outcomes are most likely to happen as a result?
20. Buying and selling of goods and services beyond the boundaries
21. The more individuals and nations specialize and trade, the more dependent they become on each other to supply their basic wants.
22. Trading is an economic activity often referred to as repeated buying and selling of commodities and availing of services for human satisfaction and gratification.
23. A tariff is when a _____ is put on an imported good
24. Which statement about economic integration is correct? A A customs union has a common currency. B A customs union has a common external tariff. C A free trade area has internal trade barriers. D A free trade area has no external trade barriers.
25. Strategy in which international trade has little to no rules
← PreviousNext →

Related Quizzes

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