International trade

Which among the following are not features of international trade?

• Activities are limited to domestic country only

• Operates across the globe

• cultures of various countries affect the trade

• Operates within quotas imposed by countries

• Tariffs affect the business

Which among the following are not features of internal trade?

• Activities are limited to domestic country only

• not directly affected by forex

• cultures of various countries affect the trade

• meets demands of domestic markets and customers only

• operates within national boundaries

Import and export of dissimilar goods across nations are called ________.

• Entrepot trade

• Intra- industry trade

• Inter- industry trade

• External trade

Import and export of similar goods from same industry across nations are called ________.

• Entrepot trade

• Intra- industry trade

• Inter- industry trade

• External trade

Formula of Intra- Industry Trade is _______

• T = 1 + (|X-M|/X+M)

• T = 1 - (|X+M|/X-M)

• T = 1 + (|X+M|/X-M)

• T = 1 - (|X-M|/X+M)

Purchasing goods from a foreign country is called

• IMPORT

• EXPORT

• ENTREPOT

• RE-EXPORT

Selling goods to a foreign country is called

• IMPORT

• EXPORT

• ENTREPOT

• RE-EXPORT

Goods imported for export are known as

• IMPORT

• EXPORT

• ENTREPOT

• RE-EXPORT

Which two trades are intermediate between the producers and final comsumers?

• Import and export trade

• Wholesale and retail trade

Is the wholesale and retail trades are the types of foreign trade?

• yes

• no