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International Trade - KL

Authored by Patricia Góngora

English, Business

University

Used 4+ times

International Trade - KL
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

More imports than exports is a __________ for a country.

balance of payment

trade deficit

trade surplus

balance of trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A balance of payment (BOP) shows the monetary transactions in visible and invisible trade between a country and the rest of the world over a period of a year. Transactions are marked either as __________.

a surplus or a deficit

growth or recession

positive or negative

a credit or a debit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross National Product (GNP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the following trade blocs is NOT composed of Latin American countries:

EFTA

OPEC

MERCOSUR

NAFTA

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This supranational organisation deals with the global rules of trade between countries.

IMF (International Monetary Fund)

The World Bank

WTO (World Trade Organisation)

UN (United Nations)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the following is NOT controlled by Customs:

the assessment and collection of customs duties on imports

security-oriented control measures

the prevention of illegal trade or smuggling

issuing documents that allows entry to a country for individuals

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the following is NOT a protectionist measure:

dumping

tariffs and quotas

anti-dumping duties

subsidies for domestic economies

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