Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

International Trade Quiz 89 (30 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. The ..... theory viewed international trade as a zero-sum game.
2. Which of the following will most efficiently provide products?
3. She was stuck in ....., that's why she missed her flight.
4. This COVID business is a global .....
5. The difference or difference between exports and imports is called.....
6. When did CPTPP came in to force in Vietnam?
7. In 2010, a small country imported goods worth $ 500 billion and exported goods worth $ 443 billion. It exported services worth $ 248 billion and imported services worth $ 330 billion. Payments on investments abroad totaled $ 199 billion, while returns paid on foreign investments were $ 125 billion. Unilateral transfers from the country to other nations amounted to $ 94 billion. What was the country's merchandise trade deficit for 2010?
8. The stage of economic development that involves questioning traditions and facing new patterns of living is
9. When was NAFTA created?
10. Which of the following category does not include in agriculture?
11. The economic impact of the coronavirus in Colombia will depend on the magnitude and speed of the spread of the virus?
12. According to internalization theory, firms are more likely to license their brand names when transaction costs are high.
13. According to Adam Smith, A country should specialize in the production of a good when it has the necessary raw materials for production.
14. What is the term for a payment made by a corporation to its shareholders from its profits?
15. I like to add ..... to my cooking.
16. Why is Dubai airport a hub?
17. Examples of Entrepot ports
18. The airplane manufacturer uses robots to test every ....., just in case there is a problem with the design
19. By foreign investment we mean inviting ..... in our country for industrial development
20. Which of the following defines balance of trade?
21. What is the auxiliary to present perfect?
22. A country imports goods and services that are not comparatively less efficient to produce abroad
23. It happens when a country's imports surpass its exports, resulting in a negative balance of trade. It indicates that the country is buying more from other nations than it is selling to them.
24. Pakistan's largest export item is cotton & cotton manufactures. The second largest export item is
25. How can businesses take into account access to the internet in different countries?
26. Below are the 3 basic questions for a country's economic choices. Which one is not?
27. What is the main benefit of acquisitions over other hierarchical entry modes?
28. Provides defense for a group of countries within a region against tariffs and other trade barriers
29. A line that higher community indifference curve that tangent with is known as .....
30. Comparative advantage is the ( ) of international trade.
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books