| 1 |
Factors of production are more mobile |
- A. In international trade
- B. In the country
- C. In both
- D. In none
|
| 2 |
Quantity theory of money was introduced in an equation by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. Tausigg
|
| 3 |
Which one of the following is included in balance of payment |
- A. Visible goods
- B. Invisible goods
- C. Visible & invisible goods
- D. Non material goods
|
| 4 |
Advantages of international trade are |
- A. One
- B. Two
- C. Three
- D. Many
|
| 5 |
In which of the following condition theory of international trade is presented |
- A. Monopoly
- B. Duopoly
- C. Monopolistic competition
- D. Perfect competition
|
| 6 |
Quantity theory of money was criticized by: |
- A. Marshall
- B. Sameulson
- C. Keynes
- D. Both b and c
|
| 7 |
The relation between quantity of money and price is: |
- A. Positive
- B. Negative
- C. Direct
- D. Inverse
|
| 8 |
A system where the goods are exchanged with money is known as: |
- A. Monetary system
- B. Barter system
- C. Coins system
- D. Modified system
|
| 9 |
The term "inflation" means: |
- A. Rapid increase in price level
- B. Decrease in price level
- C. General increase in price level
- D. Both a and c
|
| 10 |
In between how many countries international trade takes place under comparative cost theory |
- A. Two
- B. Three
- C. Four
- D. Many
|
