| 1 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. exports- imports
- D. None of the above
|
| 2 |
Which of the following is international trade |
- A. Trade between provinces
- B. Trade between countries
- C. Trade betwene regions
- D. Trade between continents
|
| 3 |
Govt policy about exports and imports is called. |
- A. Monetary policy
- B. Fiscal policy
- C. Commercial Policy
- D. Finance policy
|
| 4 |
Pakistan is not a memebr of |
- A. IMF
- B. ECO
- C. OPEC
- D. World Bank
|
| 5 |
Trade between two countries can be useful if cost ratios of goods are. |
- A. Equal
- B. Different
- C. Undertimed
- D. Decreasing
|
| 6 |
International trade and domestic trade fiffer because of. |
- A. Trade restrictions
- B. Immobility of factors
- C. Difference govt Policy
- D. All of the above
|
| 7 |
Foreign Trade |
- A. Increses employment opportunites
- B. Increases international mobility of labour
- C. Increases competition
- 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 |
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
|
| 10 |
Pakistan Importss some goods and exports other goods primarily because of. |
- A. Free goods
- B. Comparative advantage
- C. Unemployment
- D. Self Sufficiency
|
