| 1 |
Trade between two countries can be useful if cost ratios of goods are. |
- A. Equal
- B. Different
- C. Undertimed
- D. Decreasing
|
| 2 |
What would encourage trade betwene two countries. |
- A. Different tax system
- B. Frontier checks
- C. National currencies
- D. Reduce traiff
|
| 3 |
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
|
| 4 |
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
|
| 5 |
It Japan and Pakistan start free trade differene in wges in two counties will |
- A. Increase
- B. Decrease
- C. Double
- D. No effect
|
| 6 |
Govt policy about exports and imports is called. |
- A. Monetary policy
- B. Fiscal policy
- C. Commercial Policy
- D. Finance policy
|
| 7 |
Foregn trade creates among countries. |
- A. Conficits
- B. Cooperation
- C. Hatred
- D. None
|
| 8 |
Foreign Trade are |
- A. Benefits developed countries
- B. Benefits underdeveloped countires
- C. Benefits all countries
- D. Benefits democretive countries
|
| 9 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. exports- imports
- D. None of the above
|
| 10 |
International trade and domestic trade fiffer because of. |
- A. Trade restrictions
- B. Immobility of factors
- C. Difference govt Policy
- D. All of the above
|
