| 1 |
It Japan and Pakistan start free trade differene in wges in two counties will |
- A. Increase
- B. Decrease
- C. Double
- D. No effect
|
| 2 |
Ric countries have deficit in their balance of payments |
- A. Some times
- B. Never
- C. Atternatee years
- D. Always
|
| 3 |
Theory of omparative advantages was presented. |
- A. Ricardo
- B. Adam Smith
- C. Hicks
- D. Arshad
|
| 4 |
Foreign Trade |
- A. Increses employment opportunites
- B. Increases international mobility of labour
- C. Increases competition
- D. All of the above
|
| 5 |
What would encourage trade betwene two countries. |
- A. Different tax system
- B. Frontier checks
- C. National currencies
- D. Reduce traiff
|
| 6 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. exports- imports
- D. None of the above
|
| 7 |
Policy of Protecton in trade |
- A. Facilitates trade
- B. Protects local producers
- C. Protects foreign producers
- D. Protects exporters
|
| 8 |
Govt policy about exports and imports is called. |
- A. Monetary policy
- B. Fiscal policy
- C. Commercial Policy
- D. Finance policy
|
| 9 |
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
|
| 10 |
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
|
