Question # 1

Theory of omparative advantages was presented.

Choose an answer

Ricardo

Adam Smith

Hicks

Arshad

Which of the following is international trade

Choose an answer

Trade between provinces

Trade between countries

Trade betwene regions

Trade between continents

Two countries can gain from foreign trade if

Choose an answer

Cost ratios are differnet

Traiff rates are different

Price ratios are different

a and c above

Net exports equal

Choose an answer

Exports x imports

Exports + imports

exports- imports

None of the above

Foregn trade creates among countries.

Choose an answer

Conficits

Cooperation

Hatred

None

In foreign trde protection policy means.

Choose an answer

Restrictions on imports

Restrictions on exports

Restriction on transfer of foreign exchagne

All of the above

All are advantages of oreign trade Except.

Choose an answer

People get foreign exchange

Difference in politicla system

Difference in markets

Difference in ideology

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

Choose an answer

Free goods

Comparative advantage

Unemployment

Self Sufficiency

A Triff

Choose an answer

Increase the volume trade

Reduces the volume of trade

Has no effect on volume of tradea

a and c above

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

Choose an answer

Equal

Different

Undertimed

Decreasing

International trade and domestic trade fiffer because of.

Choose an answer

Trade restrictions

Immobility of factors

Difference govt Policy

All of the above

Foreign Trade are

Choose an answer

Benefits developed countries

Benefits underdeveloped countires

Benefits all countries

Benefits democretive countries

Pakistan is not a memebr of

Choose an answer

IMF

ECO

OPEC

World Bank

Foreign Trade

Choose an answer

Increses employment opportunites

Increases international mobility of labour

Increases competition

All of the above

Govt policy about exports and imports is called.

Choose an answer

Monetary policy

Fiscal policy

Commercial Policy

Finance policy

What would encorage trade betwene two countries.

Choose an answer

Reduced tariffs

Quality control

Differente tax system

Fixing import quotes

What would encourage trade betwene two countries.

Choose an answer

Different tax system

Frontier checks

National currencies

Reduce traiff

Ric countries have deficit in their balance of payments

Choose an answer

Some times

Never

Atternatee years

Always

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

Choose an answer

Increase

Decrease

Double

No effect

Policy of Protecton in trade

Choose an answer

Facilitates trade

Protects local producers

Protects foreign producers

Protects exporters

More Classes

Other Links

Economics Ics Part 2 English Medium Chapter 7 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer