1 |
Policy of Protecton in trade |
- A. Facilitates trade
- B. Protects local producers
- C. Protects foreign producers
- D. Protects exporters
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2 |
Trade between two countries can be useful if cost ratios of goods are. |
- A. Equal
- B. Different
- C. Undertimed
- D. Decreasing
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3 |
All are advantages of oreign trade Except. |
- A. People get foreign exchange
- B. Difference in politicla system
- C. Difference in markets
- D. Difference in ideology
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4 |
It Japan and Pakistan start free trade differene in wges in two counties will |
- A. Increase
- B. Decrease
- C. Double
- D. No effect
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5 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. exports- imports
- D. None of the above
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6 |
Foreign Trade are |
- A. Benefits developed countries
- B. Benefits underdeveloped countires
- C. Benefits all countries
- D. Benefits democretive countries
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7 |
Theory of omparative advantages was presented. |
- A. Ricardo
- B. Adam Smith
- C. Hicks
- D. Arshad
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8 |
Pakistan Importss some goods and exports other goods primarily because of. |
- A. Free goods
- B. Comparative advantage
- C. Unemployment
- D. Self Sufficiency
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9 |
Ric countries have deficit in their balance of payments |
- A. Some times
- B. Never
- C. Atternatee years
- D. Always
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10 |
What would encourage trade betwene two countries. |
- A. Different tax system
- B. Frontier checks
- C. National currencies
- D. Reduce traiff
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