International Trade and Finance
Description: This quiz covers the concepts and principles of international trade and finance. It explores topics such as trade theories, balance of payments, exchange rates, and international monetary systems. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: international trade finance economics |
Which theory of international trade states that countries should specialize in producing and exporting goods in which they have a comparative advantage?
What is the term used to describe the difference between a country's exports and imports?
Which international monetary system was established after World War II to promote stable exchange rates and facilitate international trade?
What is the term used to describe the value of one currency in terms of another currency?
Which theory of international trade emphasizes the role of economies of scale and increasing returns to scale in determining trade patterns?
What is the term used to describe the flow of money and capital between countries?
Which international organization was established to promote international monetary cooperation, provide financial assistance to member countries, and regulate the international monetary system?
What is the term used to describe the difference between a country's current exports and imports, plus net income from abroad and net current transfers?
Which theory of international trade emphasizes the role of factor endowments, such as labor and capital, in determining trade patterns?
What is the term used to describe the flow of goods and services between countries?
Which international organization was established to promote free trade among its member countries and reduce trade barriers?
What is the term used to describe the value of a currency in terms of a basket of other currencies?
Which theory of international trade emphasizes the role of technological differences and innovation in determining trade patterns?
What is the term used to describe the difference between a country's total exports and imports?
Which international organization was established to promote economic development and provide financial assistance to developing countries?