| 1 |
Two countries can gain from foreign trade if |
- A. Cost ratios are differnet
- B. Traiff rates are different
- C. Price ratios are different
- D. a and c above
|
| 2 |
International trade and domestic trade fiffer because of. |
- A. Trade restrictions
- B. Immobility of factors
- C. Difference govt Policy
- D. All of the above
|
| 3 |
Theory of omparative advantages was presented. |
- A. Ricardo
- B. Adam Smith
- C. Hicks
- D. Arshad
|
| 4 |
Policy of Protecton in trade |
- A. Facilitates trade
- B. Protects local producers
- C. Protects foreign producers
- D. Protects exporters
|
| 5 |
Pakistan is not a memebr of |
- A. IMF
- B. ECO
- C. OPEC
- D. World Bank
|
| 6 |
Trade between two countries can be useful if cost ratios of goods are. |
- A. Equal
- B. Different
- C. Undertimed
- D. Decreasing
|
| 7 |
Govt policy about exports and imports is called. |
- A. Monetary policy
- B. Fiscal policy
- C. Commercial Policy
- D. Finance policy
|
| 8 |
Ric countries have deficit in their balance of payments |
- A. Some times
- B. Never
- C. Atternatee years
- D. Always
|
| 9 |
A Triff |
- A. Increase the volume trade
- B. Reduces the volume of trade
- C. Has no effect on volume of tradea
- D. a and c above
|
| 10 |
In foreign trde protection policy means. |
- A. Restrictions on imports
- B. Restrictions on exports
- C. Restriction on transfer of foreign exchagne
- D. All of the above
|
