Question # 1

What would encourage trade betwene two countries.

Choose an answer

Different tax system

Frontier checks

National currencies

Reduce traiff

Two countries can gain from foreign trade if

Choose an answer

Cost ratios are differnet

Traiff rates are different

Price ratios are different

a and c above

Trade between two countries can be useful if cost ratios of goods are.

Choose an answer

Equal

Different

Undertimed

Decreasing

Foreign Trade are

Choose an answer

Benefits developed countries

Benefits underdeveloped countires

Benefits all countries

Benefits democretive countries

Foregn trade creates among countries.

Choose an answer

Conficits

Cooperation

Hatred

None

Which of the following is international trade

Choose an answer

Trade between provinces

Trade between countries

Trade betwene regions

Trade between continents

Govt policy about exports and imports is called.

Choose an answer

Monetary policy

Fiscal policy

Commercial Policy

Finance policy

Theory of omparative advantages was presented.

Choose an answer

Ricardo

Adam Smith

Hicks

Arshad

Foreign Trade

Choose an answer

Increses employment opportunites

Increases international mobility of labour

Increases competition

All of the above

Pakistan Importss some goods and exports other goods primarily because of.

Choose an answer

Free goods

Comparative advantage

Unemployment

Self Sufficiency

More Classes

Other Links

Icom Part 2 Principles of Economics Chapter 7 English Medium Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer