International Economics and Trade
Description: This quiz covers the fundamental concepts and theories of international economics and trade, including trade policies, trade agreements, and the impact of globalization on economies. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: international economics trade globalization economic policies |
What is the primary objective of a country's trade policy?
Which theory explains the pattern of trade between countries based on their comparative advantages?
What is the main goal of a free trade agreement (FTA)?
What is the term used to describe the movement of goods and services across national borders?
Which trade policy involves imposing tariffs or quotas on imported goods to protect domestic industries?
What is the term used to describe the process of increasing interdependence and interconnectedness among countries?
Which economic theory argues that countries should focus on producing and exporting goods in which they have an absolute advantage?
What is the term used to describe the movement of capital, technology, and expertise across national borders?
Which trade policy aims to increase exports and reduce imports in order to accumulate wealth and power?
What is the term used to describe the overall balance of a country's international payments, including trade, services, and investment?
Which economic theory emphasizes the importance of free trade and minimal government intervention in the economy?
What is the term used to describe the difference between a country's exports and imports?
Which trade policy involves imposing quotas or limits on the quantity of imported goods?
What is the term used to describe the movement of labor across national borders?
Which economic theory emphasizes the importance of government intervention to promote economic development and protect domestic industries?