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International Trade Quiz 87 (25 MCQs)

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1. About _____ % of Pakistan's exports go to ten countries.
2. MNCs has the capacity to be able to produce larger quantities of outputs because they are able to reduce cost, ability to have experts and produce better quality of products.
3. What is the impact of international trade on economic growth?
4. Agreement on Technical Barriers to Trade is contained in the annex (Annex)_____
5. Which method of protection always reduces the supply of an imported good to zero?
6. What are the key factors that attract businesses to participate in international trade events?
7. International trade can be detrimental to nations if it leads to:a) dependence on other countriesb) Growing gap between rich and poor countriesc) commercial linkages amongst countriesd) Rivalry and wars between countries
8. All items in this range will be _____ from 27 April.
9. Observe Table 8.5. Which item has the largest share in total imports of India.
10. International trade arises due to similarities in_____
11. Which theory explains how the MNE chooses to acquire and retain one or more value-chain activities inside itself?
12. Protectionists argue that trade barriers keep a nation from becoming too dependent on other countries.
13. It is mainly used when it comes to long intercontinental crossing
14. Incoterms are used in International Trade to help buyer and seller understand the terms and conditions in a sales contract. One of the following is NOT defined by Incoterms:
15. From an economic perspective, returns on foreign investment are included in the overall measure of trade because financial investments:
16. It is the difference between a country's exports and imports. A positive trade balance (surplus) occurs when exports exceed imports, while a negative trade balance (deficit) occurs when imports exceed exports.
17. How many parties are involved in the convention?
18. The fundamental principle of non-discrimination in the WTO is known as
19. Some kinds of product can be found on the international market are _____
20. Which of the following is the biggest importer in the world?
21. How do tariffs affect domestic consumers over time?
22. A tariff whose purpose is to increase the cost of imported goods so that similar domestic goods can compete with the imports is called a(n) _____ tariff.
23. Shrimp caught off the coast of Maine are flown to Asia.
24. In 2010, China placed a tax on imported American poultry of up to 105.4%. This is an example of which trade barrier?
25. A large country experiencing import-biased economic growth will tend to experience _____
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