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. Net exports equal?A. Exports - Imports B. Exports x Imports C. Exports of services onlyD. Exports + Imports Loading... 2. Trade between two countries can be useful if cost ratios of goods are?A. Equal B. Different C. Undetermined D. Decreasing Loading... 3. Theory of comparative advantage was presented by?A. Hicks B. RicardoC. ArshadD. Adam Smith Loading... 4. Which of the following is international trade?A. (b) and (c) of aboveB. Trade between countries C. Trade between provinces D. Trade between regions Loading... 5. A tariff?A. Increases the volume of trade B. Reduces the volume of trade C. Has no effect on volume of trade D. (a) and (c) of above Loading... 6. Modern theory of international trade is based n the views of?A. Robbins and Ricardo B. Saleem and KareemC. Heckcsher and Ohlin D. Adam Smith and Marshall Loading... 7. Which is NOT an advantage of international trade?A. Export of surplus production B. Availability of cheapC. Import of defence materialD. Dependence on foreign countries Loading... 8. A tariff is?A. (b) and (c) of aboveB. A restriction on the number of export firms C. Limit on the amount of imported goods D. Tax and imports Loading... 9. Foreign trade creates among countries?A. Cooperation B. Both (a) & (b)C. Conflicts D. Hatred Loading... 10. If Japan and Pakistan start free trade, difference in wages in two countries will?A. No effect B. Increase C. DoubleD. Decrease Loading... Loading... Related NTS Results Post:International & National Tarde Test 03 Mcqs…International & National Tarde Test 02 Mcqs…International & National Tarde Test 04 Mcqs…International & National Tarde Test 05 Mcqs…International & National Tarde Test 06 Mcqs…Equilibrium of National income Test 01 Preparation OnlineBiology Mcqs Test 06 Online PreparationBiology Mcqs Test 12 Online Preparation
