Wooclap vragen les 1.2 CE8
Vragen - Multiple choice
Which of underneath definitions is a good definition of ‘comparative advantage?’
A) A companies ability to act better than it’s competitor due to internal resources which
are better performing than it’s competition.
B) An economy’s ability to produce a particular good or service at a lower opportunity
cost than its trading partners.
C) A world economy which is better performing than it’s biggest rivalry economy.
D) A country’s ability to use it’s own resources which are better performing or
outstanding (advancing) compared to it’s most important competing country.
What does a ‘trade deficit’ mean?
A) When competition between countries is unfair.
B) When a country is weaker than it’s adjacent countries.
C) When a country is in danger of running out of export stock.
D) When a country imports more goods than it exports.
Which of the underneath is the most negative effect of trade deficit?
A) If domestic firms are importing productive machinery, they are able to benefit from its
gains.
B) When a national buys goods from other countries, it pays them in its local currency.
C) It can buy products from abroad at a cheaper rate than it can produce at home.
D) Domestic money supply is shrinking.
What are the three main market entry barriers World Trade can face?
A) Tradeblocks, Qualitative restrictions, Embargoes.
B) Tariffs, Quantitative restrictions, Restrictive practices.
C) Unions, Quantum restrictions, Government laws.
D) Specific restrictions, Currency controls, Regulatory controls.
Which institute provides short-term international liquidity to countries with Balance of
Payments deficit problems?
A) IBRD.
B) IMF.
C) NATO.
D) WTO.
Which institute provides financial and technical assistance to developing countries?
A) IMF.
B) WTO.
C) IBRD.
D) NATO.
What are examples of Tarrifs?
A) Government laws, regulations, policies, procedures that impede international trade.
B) Trade barriers that impose a numerical limit on the quantity of a good that may be
imported or exported.
Vragen - Multiple choice
Which of underneath definitions is a good definition of ‘comparative advantage?’
A) A companies ability to act better than it’s competitor due to internal resources which
are better performing than it’s competition.
B) An economy’s ability to produce a particular good or service at a lower opportunity
cost than its trading partners.
C) A world economy which is better performing than it’s biggest rivalry economy.
D) A country’s ability to use it’s own resources which are better performing or
outstanding (advancing) compared to it’s most important competing country.
What does a ‘trade deficit’ mean?
A) When competition between countries is unfair.
B) When a country is weaker than it’s adjacent countries.
C) When a country is in danger of running out of export stock.
D) When a country imports more goods than it exports.
Which of the underneath is the most negative effect of trade deficit?
A) If domestic firms are importing productive machinery, they are able to benefit from its
gains.
B) When a national buys goods from other countries, it pays them in its local currency.
C) It can buy products from abroad at a cheaper rate than it can produce at home.
D) Domestic money supply is shrinking.
What are the three main market entry barriers World Trade can face?
A) Tradeblocks, Qualitative restrictions, Embargoes.
B) Tariffs, Quantitative restrictions, Restrictive practices.
C) Unions, Quantum restrictions, Government laws.
D) Specific restrictions, Currency controls, Regulatory controls.
Which institute provides short-term international liquidity to countries with Balance of
Payments deficit problems?
A) IBRD.
B) IMF.
C) NATO.
D) WTO.
Which institute provides financial and technical assistance to developing countries?
A) IMF.
B) WTO.
C) IBRD.
D) NATO.
What are examples of Tarrifs?
A) Government laws, regulations, policies, procedures that impede international trade.
B) Trade barriers that impose a numerical limit on the quantity of a good that may be
imported or exported.
