International & National Tarde Test 01 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik International & National Tarde Test 01 Mcqs Preparation Online 1. Modern theory of international trade is based n the views of?A. Robbins and Ricardo B. Heckcsher and Ohlin C. Saleem and KareemD. Adam Smith and Marshall Loading... 2. A tariff?A. Reduces the volume of trade B. Increases the volume of trade C. Has no effect on volume of trade D. (a) and (c) of above Loading... 3. Foreign trade creates among countries?A. Hatred B. Cooperation C. Conflicts D. Both (a) & (b) Loading... 4. Theory of comparative advantage was presented by?A. ArshadB. Adam Smith C. Hicks D. Ricardo Loading... 5. Which of the following is international trade?A. (b) and (c) of aboveB. Trade between regions C. Trade between provinces D. Trade between countries Loading... 6. If Japan and Pakistan start free trade, difference in wages in two countries will?A. DoubleB. Increase C. Decrease D. No effect Loading... 7. Net exports equal?A. Exports x Imports B. Exports + Imports C. Exports - Imports D. Exports of services only Loading... 8. Trade between two countries can be useful if cost ratios of goods are?A. Different B. Undetermined C. Equal D. Decreasing Loading... 9. A tariff is?A. (b) and (c) of aboveB. Tax and imports C. A restriction on the number of export firms D. Limit on the amount of imported goods Loading... 10. Which is NOT an advantage of international trade?A. Import of defence materialB. Export of surplus production C. Availability of cheapD. Dependence on foreign countries Loading... Loading... Related NTS Results Post:Biology Mcqs Test 13 Online PreparationIslamiat Mcqs Test 02 Online PreparationBiology Mcqs Test 11 Online PreparationIslamiat Mcqs Test 03 Online PreparationChemistry MCQs Test 07 Online PreparationChemistry MCQs Test 06 Online PreparationIslamiat Mcqs Test 01 Online PreparationBiology Mcqs Test 12 Online Preparation
