| 1 |
Ric countries have deficit in their balance of payments |
- A. Some times
- B. Never
- C. Atternatee years
- D. Always
|
| 2 |
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
|
| 3 |
Policy of Protecton in trade |
- A. Facilitates trade
- B. Protects local producers
- C. Protects foreign producers
- D. Protects exporters
|
| 4 |
Foreign Trade are |
- A. Benefits developed countries
- B. Benefits underdeveloped countires
- C. Benefits all countries
- D. Benefits democretive countries
|
| 5 |
Foregn trade creates among countries. |
- A. Conficits
- B. Cooperation
- C. Hatred
- D. None
|
| 6 |
International trade and domestic trade fiffer because of. |
- A. Trade restrictions
- B. Immobility of factors
- C. Difference govt Policy
- D. All of the above
|
| 7 |
Govt policy about exports and imports is called. |
- A. Monetary policy
- B. Fiscal policy
- C. Commercial Policy
- D. Finance policy
|
| 8 |
It Japan and Pakistan start free trade differene in wges in two counties will |
- A. Increase
- B. Decrease
- C. Double
- D. No effect
|
| 9 |
Net exports equal |
- A. Exports x imports
- B. Exports + imports
- C. exports- imports
- D. None of the above
|
| 10 |
In foreign trde protection policy means. |
- A. Restrictions on imports
- B. Restrictions on exports
- C. Restriction on transfer of foreign exchagne
- D. All of the above
|
