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International test
International test
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international test
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Protective tariffs protect what?
Foreign goods
Domestic goods
Price discrimination
Dumping
2
The W.H.O. Does what?
Health issues
World trade disputes
economic Council
3
Which advantage is more important?
Marginal
Absolute
Total
Comparative
4
Total restriction of trade is an....
Economic stoppage
Embargo
Absolute Advantage
5
A country with a weaker dollar is great for
Residents building homes
Tourists
Domestic buyers
6
An embargo usually occurs because of -------- reasons.
Economic
V.E.R. Negotiations
Trade disputes
Political
7
Selling goods for a lower price in a foreign country is called....
V. E.R.
Outsorceing
Dumping
Embargo
8
when a foreign country invests into another country's stock market.
direct marketing
direct foreign investment
Direct portfolio investment
9
Goods produced under global standards are called....
Even Stevens rule
Equitable trade
Fair trade
10
Organization which gives short term loans to counties in need.
World Court
ODESSA
IMF
World Bank
11
Which trade agreement is the U.S. a part of?
E.U.
PLC
B+J
NAFTA
12
It is an economic law that consumers will buy the lower priced good if it is of the same------.
Quality
Availability
13
The world has a --------rate of exchange.
Gold standard
Fixed
Flexible
Silver Standard
14
Why would a country participate in a V.E.R.?
Save tariffs
Decrease tourism
In hopes the other country will reciprocate
Increase tourism
15
GDP is an economic indicator that makes comparing----------- easier.
Currency
Country's economic output
Literacy rates
Life expectancy
16
Breton Woods met in what year?
1993
2006
1944
1987
17
If a country has a high unemployment rate there will be less--------.
Money multipliers
Multinational companies
Monopolies
Literacy
