
International trade Test 1
Quiz
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Professional Development
•
University
•
Medium
Dr.Priya R
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dumping refers to
Reducing tariffs
Sale of goods abroad at low a price, below their cost and price in home market
Buying goods at low prices abroad and selling at higher prices locally
Expensive goods selling for low prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
International trade and domestic trade differ because of:
Different government policies
Immobility of factors
Trade restrictions
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Govt. policy about exports and imports is called:
Commercial policy
Fiscal policy
Monetary policy
Finance policy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is international trade:
Trade between regions
Trade between provinces
Trade between countries
Both B and C
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Theory of comparative advantage was presented by
Adam Smith
Ricardo
Hicks
Arshad
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT an advantage of international trade
Export of surplus production
Import of defence material
Dependence on foreign countries
Availability of cheap raw materials
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Modern theory of international trade is based on the views of
Robbins and Ricardo
Adam Smith and Marshall
Saleem and Kareem
Heckcsher and Ohlin
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