International Business MCQ - International Business Section 2

56 If a country differs from the rest of the world in taste patterns but not in production capabilities, the trade will lead to some international specialization in

A
Production
B
Consumption
C
Productivity
D
Techniques of production

View Explanation
Comment

Correct AnswerOption B

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Share this question

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

57 The factor price equalization theorem states that under certain assumptions.

A
Free trade equalizes the cost of production between nations
B
Cost of trade equals factor prices between countries
C
Free trade equalizes not only commodity prices but also factor prices
D
None of the above.

View Explanation
Comment

Correct AnswerOption C

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

58 GATT prescribes export subsidies as

A
Competition
B
Unfair competition
C
Monopolistic competition
D
Exploitation

View Explanation
Comment

Correct AnswerOption B

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

59 Producer surplus is

A
The net gain in producer revenue minus cost
B
Net profit after payment of taxes
C
The reciprocal of consumer surplus
D
The surplus value of labour kept with the producer.

View Explanation
Comment

Correct AnswerOption A

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

60 Match List-I with List-II and select the correct answer using the codes given below the lists:

List-I	List-II
a. Common market	I. OPEC
b. Cartel	II. EC
c. Free-trade area	III.EFTA
d. Customs union	IV.EEC

A
a b c d
I II III IV
B
a b c d
IV III II I
C
a b c d
II I III IV
D
a b c d
I II IV III

View Explanation
Comment

Correct AnswerOption C

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Found this useful?

Follow:

International Business MCQ - International Business Section 2

Why Practice with Avatto?

Accessibility

International Business MCQ - International Business Section 2

Follow Us :