International Trade

International Trade

University

10 Qs

quiz-placeholder

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Assessment

Quiz

Others

University

Hard

Created by

Катерина Грекова

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes the ability of a country to produce a good more efficiently than another country?

Protectionism

Trade barriers

Absolute advantage

Comparative advantage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following refers to the benefits gained from producing goods in larger quantities?

Generic

Quota

Economies of scale

Tariff

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for government-imposed restrictions on international trade?

Trademark

Supply chain

Protectionism

Free trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a limit on the amount of a product that can be imported?

Externalities

Absolute advantage

Quota

Tariff

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the practice of selling goods in a foreign market at a price lower than their domestic price?

Grant a patent

Favour

Infant industry

Dumping

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization is responsible for regulating international trade agreements?

World Bank

European Union

International Monetary Fund

World Trade Organisation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the unintended side effects of an economic activity on unrelated third parties?

Better off

Externalities

Deliberately

Prosperous

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