XII Economics Set 2 Chap 6-12
Authored by Gomathi Raja
Other
12th Grade
Used 1+ times
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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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