IB QUIZ 2 GFMA A222

IB QUIZ 2 GFMA A222

University

10 Qs

quiz-placeholder

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IB QUIZ 2 GFMA A222

IB QUIZ 2 GFMA A222

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Mohd. Md.Isa

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

International trade allows a country:

import products that can be produced more efficiently in other countries

export products that can be produced more efficiently in other countries

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Switzerland export the following products except:

chemicals

cocao

watches

jewelry

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The product life-cycle theory emphasizes that

since the U.S. was relatively abundant in capital compared to other nations, the U.S. would be an exporter of capital intensive goods and an importer of labor-intensive goods.

as products mature both the location of sales and the optimal production location will change affecting the flow and direction of trade

comparative advantage arises from differences in national factor endowments (the extent to which a country is endowed with resources such as land, labor, and capital)

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Ad valorem tariffs is:

levied as a proportion of the value of the imported good 

levied as a fixed charge for each unit of a good imported

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Many of India’s bound tariff rates on agricultural products are among the highest in the world, ranging from ........ percent to ......... percent. 

100 , 300

50 , 150

150, 300

150, 400

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The structure of India’s customs tariff and fees system is complex and characterized by a lack of transparency in determining net effective rates of customs tariffs, excise duties, and other duties and charges. 

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

NZ apple imports have been banned since 1921 over concerns that they could spread the disease fireblight. This intervention is called:

local content requirement

administrative policies

antidumping policies

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