Economics International & National Tarde Test 04 Mcqs Preparation Online International & National Tarde Test 04 Mcqs Preparation Online 1. The theory explaining trade between two countries is called?A. Comparative trade theory B. Comparative disadvantage theory C. None of the aboveD. Comparative cost theory Loading... 2. Rich countries have deficit in their balance of payments?A. AlwaysB. Sometimes C. Alternate years D. Never Loading... 3. Trade between two countries takes place when?A. Cost ratios of commodities are lowB. Cost ratios of commodities are high C. Cost ratios of commodities are different D. Cost ratios of commodities are equal Loading... 4. The theory explaining trade between two countries is called?A. Comparative advantage B. Comparative trade C. Comparative returnsD. Comparative bargain Loading... 5. Foreign trade?A. Benefits all countriesB. Benefits underdeveloped countries C. Benefits democratic countries D. Benefits developed countries Loading... 6. In foreign trade, Protection policy means?A. Restrictions on imports B. Restriction on transfer of foreign exchange C. Restrictions on exports D. All of the above Loading... 7. Foreign trade has the advantage?A. Can import machinery and technology B. (b) and (c) of aboveC. Can import scarce raw materials D. Trading countries get foreign exchange Loading... 8. If a country decreases the external value of its currency, it will affect?A. Volume of imports B. All of the aboveC. General price level D. Volume of exports Loading... 9. Foreign trade?A. All of the aboveB. Increases international mobility of labour C. Increases employment opportunities D. Increases competition Loading... 10. David Ricardo presented the theory of international trade called?A. Theory of absolute advantage B. Theory of comparative advantage C. Theory of equal advantage D. Theory of total advantage Loading... Loading... Related PostsInternational & National Tarde Test 06 Mcqs Preparation…International & National Tarde Test 05 Mcqs Preparation…International & National Tarde Test 03 Mcqs Preparation…International & National Tarde Test 02 Mcqs Preparation…International & National Tarde Test 01 Mcqs Preparation…International Economic Organisations Test 01 Mcqs… Continue Reading Previous International & National Tarde Test 03 Mcqs Preparation OnlineNext International & National Tarde Test 05 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ