International & National Tarde Test 04 Mcqs Preparation Online Shani Malik — May 19, 2018 in Economics • add comment International & National Tarde Test 04 Mcqs Preparation Online 1. Foreign trade?A. All of the aboveB. Increases international mobility of labour C. Increases employment opportunities D. Increases competition Loading... 2. Foreign trade has the advantage?A. Trading countries get foreign exchange B. Can import scarce raw materials C. (b) and (c) of aboveD. Can import machinery and technology Loading... 3. If a country decreases the external value of its currency, it will affect?A. Volume of imports B. Volume of exports C. General price level D. All of the above Loading... 4. Trade between two countries takes place when?A. Cost ratios of commodities are equal B. Cost ratios of commodities are different C. Cost ratios of commodities are high D. Cost ratios of commodities are low Loading... 5. Foreign trade?A. Benefits underdeveloped countries B. Benefits democratic countries C. Benefits developed countries D. Benefits all countries Loading... 6. The theory explaining trade between two countries is called?A. Comparative returnsB. Comparative trade C. Comparative advantage D. Comparative bargain Loading... 7. David Ricardo presented the theory of international trade called?A. Theory of absolute advantage B. Theory of total advantageC. Theory of comparative advantage D. Theory of equal advantage Loading... 8. Rich countries have deficit in their balance of payments?A. Sometimes B. Alternate years C. AlwaysD. Never Loading... 9. In foreign trade, Protection policy means?A. Restrictions on imports B. Restriction on transfer of foreign exchange C. All of the aboveD. Restrictions on exports Loading... 10. The theory explaining trade between two countries is called?A. Comparative cost theory B. Comparative trade theory C. None of the aboveD. Comparative disadvantage theory 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
