| 1 |
What would encorage trade betwene two countries. |
- A. Reduced tariffs
- B. Quality control
- C. Differente tax system
- D. Fixing import quotes
|
| 2 |
International trade and domestic trade fiffer because of. |
- A. Trade restrictions
- B. Immobility of factors
- C. Difference govt Policy
- D. All of the above
|
| 3 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. exports- imports
- D. None of the above
|
| 4 |
Govt policy about exports and imports is called. |
- A. Monetary policy
- B. Fiscal policy
- C. Commercial Policy
- D. Finance policy
|
| 5 |
Foregn trade creates among countries. |
- A. Conficits
- B. Cooperation
- C. Hatred
- D. None
|
| 6 |
Trade between two countries can be useful if cost ratios of goods are. |
- A. Equal
- B. Different
- C. Undertimed
- D. Decreasing
|
| 7 |
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
|
| 8 |
Pakistan is not a memebr of |
- A. IMF
- B. ECO
- C. OPEC
- D. World Bank
|
| 9 |
All are advantages of oreign trade Except. |
- A. People get foreign exchange
- B. Difference in politicla system
- C. Difference in markets
- D. Difference in ideology
|
| 10 |
Policy of Protecton in trade |
- A. Facilitates trade
- B. Protects local producers
- C. Protects foreign producers
- D. Protects exporters
|
