International & National Tarde Test 01 Mcqs Preparation Online Shani Malik — May 19, 2018 in Economics • add comment International & National Tarde Test 01 Mcqs Preparation Online 1. Which is NOT an advantage of international trade?A. Export of surplus production B. Import of defence materialC. Dependence on foreign countries D. Availability of cheap Loading... 2. A tariff is?A. Tax and imports B. (b) and (c) of aboveC. A restriction on the number of export firms D. Limit on the amount of imported goods Loading... 3. If Japan and Pakistan start free trade, difference in wages in two countries will?A. Decrease B. Increase C. No effect D. Double Loading... 4. Foreign trade creates among countries?A. Hatred B. Both (a) & (b)C. Conflicts D. Cooperation Loading... 5. A tariff?A. (a) and (c) of aboveB. Has no effect on volume of trade C. Reduces the volume of trade D. Increases the volume of trade Loading... 6. Theory of comparative advantage was presented by?A. Adam Smith B. Hicks C. RicardoD. Arshad Loading... 7. Trade between two countries can be useful if cost ratios of goods are?A. Equal B. Different C. DecreasingD. Undetermined Loading... 8. Modern theory of international trade is based n the views of?A. Robbins and Ricardo B. Heckcsher and Ohlin C. Adam Smith and Marshall D. Saleem and Kareem Loading... 9. Which of the following is international trade?A. Trade between regions B. Trade between countries C. (b) and (c) of aboveD. Trade between provinces Loading... 10. Net exports equal?A. Exports - Imports B. Exports x Imports C. Exports of services onlyD. Exports + Imports Loading... Loading... Related NTS Results Post:International & National Tarde Test 02 Mcqs…International & National Tarde Test 04 Mcqs…International & National Tarde Test 03 Mcqs…International & National Tarde Test 05 Mcqs…International & National Tarde Test 06 Mcqs…International Economic Organisations Test 02 Mcqs…International Economic Organisations Test 04 Mcqs…International Economic Organisations Test 06 Mcqs…
