XII Economics Set 2 Chap 6-12

XII Economics Set 2 Chap 6-12

12th Grade

120 Qs

quiz-placeholder

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XII Economics Set 2 Chap 6-12

XII Economics Set 2 Chap 6-12

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

Created by

Gomathi Raja

Used 1+ times

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120 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trade between two countries is known as ………….trade

External

Internal

Inter-regional

Home

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following factors influence trade?

The stage of development of a product

The relative price of factors of productions.

Government.

All of the above.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

International trade differs from domestic trade because of................

Trade restrictions

Immobility of factors

Different government policies

All the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In general, a primary reason why nations conduct international trade is because....

Some nations prefer to produce one thing while others produce another

Resources are not equally distributed among all trading nations

Trade enhances opportunities to accumulate profits

Interest rates are not identical in all trading nations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a modern theory of international trade?

absolute cost

comparative cost

Factor endowment theory

none of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exchange rates are determined in..............

money market

foreign exchange market

stock market

capital market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exchange rate for currencies is determined by supply and demand under the system of

Fixed exchange rate

Flexible exchange rate

Constant

Government regulated

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