The International Economy And Globalization Mcqs

MCQ: International difference is opportunity costs lead to countries acquiring ?

  1. Comparative advantage
  2. High exchange rates
  3. trade barriers
  4. trade quotas

Releted Questions

The International Economy And Globalization Mcqs

MCQ: A primary reason why nations conduct international trade is because ?

  1. Some nations prefer to produce one thing while others produce another
  2. Resources are not equally distributed to all trading nations
  3. Trade enhances opportunities to accumulate profits
  4. interest rates are not identical in all trading nations

B

MCQ: International trade in goods and services is sometimes used as a substitute for all of the following except ?

  1. International movements of capital
  2. International movements of labor
  3. International movements of technology
  4. Domestic production of different goods and services

D

MCQ: International trade forces domestic firms to become more competitive in terms of ?

  1. The introduction of new products
  2. Product design and quality
  3. Product price
  4. All of the above

D

MCQ: International trade is based on the idea that ?

  1. Exports should exceed imports
  2. imports should exceed exports
  3. Resources are more mobile internationally than are goods
  4. Resources are less mobile internationally than are goods

D

MCQ: Which American industry has least been affected by import competition in recent years ?

  1. Automobiles
  2. Steel
  3. Radios and TVs
  4. Computer software

D

Multiple Choice Questions and Answers