| 1 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. exports- imports
- D. None of the above
|
| 2 |
It Japan and Pakistan start free trade differene in wges in two counties will |
- A. Increase
- B. Decrease
- C. Double
- D. No effect
|
| 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 |
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
|
| 5 |
What would encorage trade betwene two countries. |
- A. Reduced tariffs
- B. Quality control
- C. Differente tax system
- D. Fixing import quotes
|
| 6 |
Policy of Protecton in trade |
- A. Facilitates trade
- B. Protects local producers
- C. Protects foreign producers
- D. Protects exporters
|
| 7 |
In foreign trde protection policy means. |
- A. Restrictions on imports
- B. Restrictions on exports
- C. Restriction on transfer of foreign exchagne
- D. All of the above
|
| 8 |
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
|
| 9 |
Pakistan Importss some goods and exports other goods primarily because of. |
- A. Free goods
- B. Comparative advantage
- C. Unemployment
- D. Self Sufficiency
|
| 10 |
Foreign Trade are |
- A. Benefits developed countries
- B. Benefits underdeveloped countires
- C. Benefits all countries
- D. Benefits democretive countries
|
