Question # 1

Foregn trade creates among countries.

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Conficits

Cooperation

Hatred

None

A Triff

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Increase the volume trade

Reduces the volume of trade

Has no effect on volume of tradea

a and c above

Foreign Trade are

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Benefits developed countries

Benefits underdeveloped countires

Benefits all countries

Benefits democretive countries

In foreign trde protection policy means.

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Restrictions on imports

Restrictions on exports

Restriction on transfer of foreign exchagne

All of the above

International trade and domestic trade fiffer because of.

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Trade restrictions

Immobility of factors

Difference govt Policy

All of the above

Which of the following is international trade

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Trade between provinces

Trade between countries

Trade betwene regions

Trade between continents

Govt policy about exports and imports is called.

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Monetary policy

Fiscal policy

Commercial Policy

Finance policy

Theory of omparative advantages was presented.

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Ricardo

Adam Smith

Hicks

Arshad

Foreign Trade

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Increses employment opportunites

Increases international mobility of labour

Increases competition

All of the above

It Japan and Pakistan start free trade differene in wges in two counties will

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Increase

Decrease

Double

No effect

Ric countries have deficit in their balance of payments

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Some times

Never

Atternatee years

Always

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

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