WorksheetsINTERNATIONAL TRADE
Total questions: 15
Worksheet time: 5mins
What is PROTECTIONISM?
economic policy of restricting imports from other countries
economic policy of restricting exports from other countries
economic policy of imports from other countries
economic policy of exports from other countries
INTERNATIONAL TRADE is...
the exchange of goods, and services across international borders or territories
the exchange of capital, goods, and services
the exchange of capital, goods, and services across international borders or territories
the exchange of goods across international borders or territories
A trademark is...
a name or symbol made by a company and can be used by other companies
a name or symbol made by a company and can't be used by other companies
a name and symbol made by a company and can be used by other companies
a name and symbol made by a company and can't be used by other companies
1.Which of the following is not part of the arguments about trade protection?
The national security
A souree of the government revenue
The potential for corruption
The protection of domestic jobs
In the national security argument, people believe that economy should be:
Self-sufficient
Rely on trade with orther countries
Integrative
Self-contained
What has the country done as an anti-dumping measure?
Putting tariffs
Trade barriers
Both A&B are correct
Both A&B are incorrect
Which of the following is part of the arguments about trade against?
The protection of infant industries
The anti-dumping and unfair competition
The national security
A misallocation of resources
The president Trump has enacted tariff barriers China against China and a lot of people worried that China might retaliate and enact the same tariff barriers? This event involving:
Trade war
A misallocation of recources
The national security
The national of domestic jobs
Some companies sell their product in overseas markets at a much lower price than their actual cost of producing. What is that product called?
Discounting
Dumping
Increase the price
Falling the price
Which is the most BASIC difference between international trade and domestic trade?
Trade barrier is often likely to appear when trading
Different payment is concerned to be a case
Transporting risks cause greater loss to international trade than domestic trade
International trade refers to different countries while domestic trade refers to different regions
In the coming years, Vietnam is expected to grow on:
3.7%
22.5%
5.7%
2.5%
When it comes to disadvantages of international trade, which is not MENTIONED as a drawback of international trade?
Risk of proprietary information theft
Political risk
Comparative cost
World war
The international product life cycle theory stresses that
countries ought to turn out and export merchandise which are well endowed and import merchandise which is in brief provide
a corporation can begin to export its product and later battle foreign direct investment because the product moves through its life cycle
a country ought to specialize merchandise including comparative, or relative price, advantage compared with different countries and import comparative disadvantage merchandise
a country that has absolute advantage produces larger output than countries who have an equivalent quantity of resources
Which are known as the advantages of international trade?
Opportunity to specialize
Encouraging exports and discouraging imports
Increase market share
Increased revenues
Attracting foreign investor
What is NOT referred as a characteristic of international trade?
Governmental Control
Foreign Currency
Comparative advantage
Separation of Buyers and Producers
