Economics International & National Tarde Test 02 Mcqs Preparation Online 0 International & National Tarde Test 02 Mcqs Preparation Online 1. All are advantages of foreign trade EXCEPT?A. Cheaper goods B. People get foreign exchange C. Optimum utilisation of country's resourcesD. Nations compete Loading... 2. Terms of trade of developing countries are generally unfavourable because?A. They import value added goods B. They export primary goodsC. (a) and (b) of aboveD. They export few goods Loading... 3. In a free trade world in which no restrictions exist, international trade will lead to?A. Increased efficiency B. Decreased efficiency C. Reduced real GDPD. Reduced real living standard Loading... 4. According to Hecksher and Ohlin basic cause of international trade is?A. Difference in ideologyB. Difference in factor endowments C. Difference in markets D. Difference in political systems Loading... 5. What would encourage trade between two countries?A. Different tax system B. Reduced tariffsC. National currencies D. Frontier checks Loading... 6. Govt. policy about exports and imports is called?A. Finance policyB. Monetary policy C. Commercial policy D. Fiscal policy Loading... 7. International trade and domestic trade differ because of?A. All of the aboveB. Immobility of factors C. Different government policies D. Trade restrictions Loading... 8. Two countries can gain from foreign trade if?A. (a) and (c) of aboveB. Tariff rates are different C. Cost ratios are different D. Price ratios are different Loading... 9. Term of trade of a country show?A. Ratio of goods exported and imported B. Ratio of prices of exports and imports C. Ratio of import duties D. (a) and (c) of above Loading... 10. Dumping refers to?A. Buying goods at low prices abroad and selling at higher prices locallyB. Expensive goods selling for low prices C. Sale of goods abroad at low a price, below their cost and price in home marketD. Reducing tariffs Loading... Loading... Related PostsInternational & National Tarde Test 01 Mcqs Preparation…International & National Tarde Test 03 Mcqs Preparation…International & National Tarde Test 04 Mcqs Preparation…International & National Tarde Test 05 Mcqs Preparation…International & National Tarde Test 06 Mcqs Preparation…International Economic Organisations Test 01 Mcqs…International Economic Organisations Test 02 Mcqs…International Economic Organisations Test 03 Mcqs…International Economic Organisations Test 04 Mcqs…International Economic Organisations Test 05 Mcqs… Continue Reading Previous International & National Tarde Test 01 Mcqs Preparation OnlineNext International & National Tarde Test 03 Mcqs Preparation Online More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ
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