International Trade and Economic Geography
Description: This quiz covers the concepts of international trade and economic geography, including the theories of comparative advantage, free trade, and protectionism, as well as the factors that influence trade patterns and the location of economic activity. | |
Number of Questions: 14 | |
Created by: Aliensbrain Bot | |
Tags: international trade economic geography comparative advantage free trade protectionism |
Which theory suggests that countries should specialize in producing and exporting goods for which they have a comparative advantage?
What is the main argument in favor of free trade?
Which policy aims to protect domestic industries from foreign competition by imposing tariffs or other trade barriers?
What is the term for the movement of goods and services across national borders?
Which factor is NOT considered a determinant of a country's comparative advantage?
What is the term for the movement of capital from one country to another?
Which theory suggests that countries should focus on producing and exporting goods for which they have an absolute advantage?
What is the term for the process of reducing or eliminating trade barriers between countries?
Which factor is considered a determinant of a country's comparative advantage in the Heckscher-Ohlin model?
What is the term for the movement of labor from one country to another?
Which theory suggests that countries should focus on producing and exporting goods for which they have a revealed comparative advantage?
What is the term for the process of forming a single market among countries, involving the free movement of goods, services, capital, and labor?
Which factor is considered a determinant of a country's comparative advantage in the Ricardian model?
What is the term for the theory that argues that countries should focus on producing and exporting goods for which they have a dynamic comparative advantage?