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. Modern theory of international trade is based n the views of?A. Heckcsher and Ohlin B. Saleem and KareemC. Robbins and Ricardo D. Adam Smith and Marshall Loading... 2. Net exports equal?A. Exports x Imports B. Exports - Imports C. Exports of services onlyD. Exports + Imports Loading... 3. Which is NOT an advantage of international trade?A. Import of defence materialB. Dependence on foreign countries C. Availability of cheapD. Export of surplus production Loading... 4. Theory of comparative advantage was presented by?A. Adam Smith B. Hicks C. RicardoD. Arshad Loading... 5. Foreign trade creates among countries?A. Both (a) & (b)B. Hatred C. Conflicts D. Cooperation Loading... 6. A tariff is?A. Tax and imports B. A restriction on the number of export firms C. Limit on the amount of imported goods D. (b) and (c) of above Loading... 7. 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... 8. If Japan and Pakistan start free trade, difference in wages in two countries will?A. Increase B. No effect C. Decrease D. Double Loading... 9. Which of the following is international trade?A. Trade between countries B. (b) and (c) of aboveC. Trade between provinces D. Trade between regions Loading... 10. Trade between two countries can be useful if cost ratios of goods are?A. Different B. Equal C. Undetermined D. Decreasing Loading... Loading... Related NTS Results Post:Chemistry MCQs Test 06 Online PreparationChemistry MCQs Test 07 Online PreparationChemistry MCQs Test 05 Online PreparationIslamiat Mcqs Test 03 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 06 Online PreparationBiology Mcqs Test 10 Online Preparation
