Question # 1

Foreign Trade are

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Benefits developed countries

Benefits underdeveloped countires

Benefits all countries

Benefits democretive countries

Theory of omparative advantages was presented.

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Ricardo

Adam Smith

Hicks

Arshad

It Japan and Pakistan start free trade differene in wges in two counties will

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Increase

Decrease

Double

No effect

Foreign Trade

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Increses employment opportunites

Increases international mobility of labour

Increases competition

All of the above

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

Net exports equal

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Exports x imports

Exports + imports

exports- imports

None of the above

A Triff

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Increase the volume trade

Reduces the volume of trade

Has no effect on volume of tradea

a and c above

What would encourage trade betwene two countries.

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Different tax system

Frontier checks

National currencies

Reduce traiff

Which of the following is international trade

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Trade between provinces

Trade between countries

Trade betwene regions

Trade between continents

Pakistan Importss some goods and exports other goods primarily because of.

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Free goods

Comparative advantage

Unemployment

Self Sufficiency

Foregn trade creates among countries.

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Conficits

Cooperation

Hatred

None

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Icom Part 2 Principles of Economics Chapter 7 English Medium Online Test MCQs With Answers

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