Question # 1

Policy of Protecton in trade

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Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

Foreign Trade

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Increses employment opportunites

Increases international mobility of labour

Increases competition

All of the above

Theory of omparative advantages was presented.

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Ricardo

Adam Smith

Hicks

Arshad

Ric countries have deficit in their balance of payments

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Some times

Never

Atternatee years

Always

What would encourage trade betwene two countries.

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Different tax system

Frontier checks

National currencies

Reduce traiff

Net exports equal

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Exports x imports

Exports + imports

exports- imports

None 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

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

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Free goods

Comparative advantage

Unemployment

Self Sufficiency

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

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Equal

Different

Undertimed

Decreasing

Foreign Trade are

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Benefits developed countries

Benefits underdeveloped countires

Benefits all countries

Benefits democretive countries

Pakistan is not a memebr of

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IMF

ECO

OPEC

World Bank

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

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