International Trade 3

International Trade 3

University

18 Qs

quiz-placeholder

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International Trade 3

International Trade 3

Assessment

Quiz

Professional Development

University

Easy

Created by

Nguyen Thu

Used 1+ times

FREE Resource

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. An American computer imports all parts used to produce computers from a Vietnamese company. It uses all those parts to produce computers and then exports back finished computers to that Vietnamese company. This selling activity of the American company is

a. Export

b. Re - export

c. International Processing

d. Switch trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. The Ricardian model explains comparative advantage as the result of differences in countries

a. economies of large-scale production

b. relative abundance of various resources

c. labor productivities

d. research and development expenditures

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. Which of the following is NOT the current trend of international trade?

a. The role of developing countries, especially China in international trade, has been increased

b. E - commerce is growing


c. Agricultural products are the most traded commodities

d. Traded products have become diversified and innovated

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. International trade is more complex than domestic trade because

a. International trade is the exchange of tangible and intangible goods

b. International trade focus on real transaction of goods and services in international economy

c. The trade transaction is under the control of the authorities

d. The shipment with various customs and insurance procedures

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. According to H - O theory, if Vietnam has more land per worker, and the UK has more capital per worker, then

a. Vietnam would export product which is land-intensive

b The US would import products which is capital-intensive

c. Both countries would export some of each product

d. Trade would not continue since Vietnam is a smaller country"

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

8. The effective rate of protection measures:

a. the "true" ad valorem value of a tariff

b. The quota equivalent value of a tariff

c. the efficiency with which the tariff is collected at the customhouse

d. the protection given by the tariff to domestic valued added

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

9. The gravity model postulates that the value of trade between two countries is ___ other things equal, to the economic size of the two countries, and ___ with the distance between them

a. diminishing, diminishing

b. dependent, proportional

c. proportional, diminishing

d. constant, proportional

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