Question # 1

In comparative cost or comparative advantage theory, ratio is

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1x1 one good one country

2x2 two goods two countries

1x2 one good two countries

2x1 two goods one country

When there is inflation attached with high unemployment level, it is called ?

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Stagflation

Hyper inflation

Demand pull inflation

Cost push inflation

Advantages of international trade are

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One

Two

Three

Many

The relation between quantity of money and value of money is:

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Positive

Negative

Direct

Inverse

Deflation means:

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Rapid increase in price level

General decrease in price level

General increase in price level

Both a and c

The base of international trade theory of Devid Ricardo is

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Absolute advantage

Comparative cost

Cheaper cost

Low cost

If the face value of a coin is equal to the value of metal used in:

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Legal money

Token money

Standard money

Both b and c

In order to improve the balance of payment the foremost try is to increase

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Imports

Exports

Production

Savings

Quantity theory of money was introduced in an equation by:

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Fisher

Marshall

Crowther

Tausigg

In between how many countries international trade takes place under comparative cost theory

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Two

Three

Four

Many

Money which can be converted into cash money is known is:

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Near money

Paper money

Legal tender money

Token money

Quantity theory of money was introduced by:

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Fisher

Marshall

Crowther

J.S Mill

International trade is based on the following except

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Different factors of production are required for the production of different goods

Factors of production exist in different ratios in different countries

Factors of production are in abundant quantity in different countries

Factors of production are in limited quantity in different countries

The trade that takes place between the inhabitants of two countries is called

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Domestic trade

International trade

National trade

Regional Trade

A system where the goods are exchange with goods is known as:

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Monetary system

Barter System

Coins system

Goods system

The exchange of goods and services from country to country is called

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Foreign

National trade

Corporate trade

Domestic trade

In which of the following condition theory of international trade is presented

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Monopoly

Duopoly

Monopolistic competition

Perfect competition

The record of visible and invisible items on international account is called

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Balance of payment

Balance of trade

Balance of budget

Capital account

The relation between quantity of money and price is:

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Positive

Negative

Direct

Inverse

Balance of payment of a country is balanced when its

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Receipts are more than payments

Receipts are less than payments

Receipts are equal to payments

None of three

The first great depression was appeared in:

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1934

1930

1932

1936

Balance of payment of a country is favourable when its

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Receipts are more than payments

Receipts are less than payments

Receipts are equal to payments

None of three

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