International trade Test 1

International trade Test 1

University

20 Qs

quiz-placeholder

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International trade Test 1

International trade Test 1

Assessment

Quiz

Professional Development

University

Medium

Created by

Dr.Priya R

Used 67+ times

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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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