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International Trade Quiz

Authored by Asrar Omar

Business

University

Used 12+ times

International Trade Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is the nature of international trade according to Marxism?

A. cooperation

B. competititon

C. interdependence

D. dependence

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which perspective supports the views on international trade as shown in the image?

A. Liberalism

B. Mercantilism

C. Structuralism

D. Postmodernism

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Below are some of the elements of trade agreement except

A. trade agreements may be bilateral or multilateral

B. reciprocity

C. most-favoured nation status

D. discrimination status

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following are valid reasons for state's interference in international trade except

A. protection of national prestige

B. protection of domestic industries

C. infant-industry argument

D. revenues

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The main reason liberalism rejects the idea of protectionism is because

A. protectionism encourages inefficiency in the market

B. protectionism does not really save jobs despite its cost

C. protectionism promotes retaliation among countries whose products are subject to restrictions

D. protectionism is too difficult and costly to enforce

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a part of

constructing international trade policy?

A. Protectionism

B. Strategic Trade Policy

C. Autarky

D. Free Trade Policy

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a non-tariff barrier?

A. Subsidies

B. Tariff

C. Import Quota

D. Permit and Licensing

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