International Trade Diagnostic test (UPAEP)

International Trade is the Exchange of goods and services between 2 or more countries

• True

• False

When a country is capable of producing a good with fewer resources than another country, we are talking about the Theory of:

• Mercantilism Theory

• Theory of Absolute Advantage

• Theory of Comparative Advantage

• Theory of Factor Proportions

Iceland, Liechtenstein, Norway and Switzerland represent an example of one of the Levels of Economic Integration. What level is it?

• Free trade Area

• Customs union

• Common Market

• Economic Union

The capital of this country is Pekín

• China

• Cambodia

• Philippines

• Burundi

What continent does Qatar belong to?

• America

• Europe

• Asia

• Africa

A Tariffs is a Barrier?

• True

• False

What is the name of Mexico's free trade agreement with the United States and Canada?

• North American Free Trade Agreement (NAFTA)

• United States-Mexico-Canada Agreement (USMCA)

The United Kingdom is still part of the Free Trade Agreement between Mexico and the European Union

• True

• False

It is the union of all the companies involved in the production, distribution, handling, storage and marketing

• Supply chain

• Logistics

Normas Oficiales Mexicanas are mandatory regulations, this statement is:

• True

• False