The International Economy And Globalization Mcqs
MCQ: International difference is opportunity costs lead to countries acquiring ?
- Comparative advantage
- High exchange rates
- trade barriers
- trade quotas
Releted Questions
The International Economy And Globalization Mcqs
MCQ: A primary reason why nations conduct international trade is because ?
- Some nations prefer to produce one thing while others produce another
- Resources are not equally distributed to all trading nations
- Trade enhances opportunities to accumulate profits
- 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 ?
- International movements of capital
- International movements of labor
- International movements of technology
- Domestic production of different goods and services
D
MCQ: International trade forces domestic firms to become more competitive in terms of ?
- The introduction of new products
- Product design and quality
- Product price
- All of the above
D
MCQ: International trade is based on the idea that ?
- Exports should exceed imports
- imports should exceed exports
- Resources are more mobile internationally than are goods
- Resources are less mobile internationally than are goods
D
MCQ: Which American industry has least been affected by import competition in recent years ?
- Automobiles
- Steel
- Radios and TVs
- Computer software
D