International & National Tarde Test 01 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik International & National Tarde Test 01 Mcqs Preparation Online 1. Which is NOT an advantage of international trade?A. Dependence on foreign countries B. Export of surplus production C. Availability of cheapD. Import of defence material Loading... 2. A tariff?A. Increases the volume of trade B. (a) and (c) of aboveC. Has no effect on volume of trade D. Reduces the volume of trade Loading... 3. Foreign trade creates among countries?A. Both (a) & (b)B. Hatred C. Conflicts D. Cooperation Loading... 4. If Japan and Pakistan start free trade, difference in wages in two countries will?A. No effect B. Decrease C. DoubleD. Increase Loading... 5. Net exports equal?A. Exports - Imports B. Exports + Imports C. Exports of services onlyD. Exports x Imports Loading... 6. Modern theory of international trade is based n the views of?A. Adam Smith and Marshall B. Saleem and KareemC. Heckcsher and Ohlin D. Robbins and Ricardo Loading... 7. Which of the following is international trade?A. Trade between regions B. Trade between provinces C. Trade between countries D. (b) and (c) of above Loading... 8. A tariff is?A. (b) and (c) of aboveB. Tax and imports C. Limit on the amount of imported goods D. A restriction on the number of export firms Loading... 9. Theory of comparative advantage was presented by?A. ArshadB. Adam Smith C. RicardoD. Hicks Loading... 10. Trade between two countries can be useful if cost ratios of goods are?A. DecreasingB. Undetermined C. Different D. Equal Loading... Loading... Related NTS Results Post:Islamiat Mcqs Test 01 Online PreparationBiology Mcqs Test 06 Online PreparationIslamiat Mcqs Test 03 Online PreparationChemistry MCQs Test 06 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 13 Online PreparationChemistry MCQs Test 05 Online PreparationBiology Mcqs Test 10 Online Preparation
