International Trade

International Trade

University

15 Qs

quiz-placeholder

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International Trade

International Trade

Assessment

Quiz

English

University

Practice Problem

Medium

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Trang Quỳnh

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reasons that governments intervene in trade do not include:

Political motives

Social motives

Economic motives

Cultural motives

2.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

The economic and strategic advantage gained by being the first company to enter an industry
is called ......... advantage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which theory explains countries producing goods that require abundant resources and importing goods that require resources in short supply?

New trade theory

International product life cycle

Mercantilism

Factor proportions theory

4.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

A nation’s competitiveness in an industry (and, therefore, trade flows)
depends on the _______ of the industry to innovate and upgrade.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a characteristic of countries implementing mercantilism?

Maintaining a trade surplus and avoiding trade deficit at all costs

Actively intervene in international trade to maintain a trade surplus

Encouraging imports and discouraging exports

Acquire less-developed territories around the world

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many methods do the governments use to promote trade?

4

5

6

7

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of countries following the international product life cycle theory?

They focus on maintaining a trade surplus

They encourage imports over exports

They invest heavily in research and development

They have a protectionist trade policy

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