#1
Which country is the world's largest exporter of goods?
#2
What is the main purpose of the World Trade Organization (WTO)?
#3
What does FOB stand for in international trade?
#4
Which country is known for having a comparative advantage in producing oil?
#5
Which international organization compiles and publishes trade statistics and trade-related information?
#6
Which country is the world's largest importer of goods?
#7
Which of the following is NOT a primary purpose of trade barriers?
#8
Which trade bloc is known as the European Single Market?
#9
What is the term used to describe a tax imposed on imports or exports?
#10
What is the term for an agreement between two or more countries to reduce or eliminate trade barriers among themselves?
#11
Which trade theory suggests that countries should specialize in the production of goods for which they have a comparative advantage?
#12
What is the term for a trade barrier that sets a maximum limit on the quantity or value of goods that can be imported or exported during a specified period?
#13
Which trade theory suggests that countries will specialize in the production and export of goods that intensively use the factors of production they have in abundance?
#14
Which international agreement established rules and procedures for international trade and dispute resolution?
#15
Which economic theory emphasizes the benefits of unrestricted free trade and minimal government intervention?
#16
What is the purpose of a Letter of Credit (LC) in international trade?
#17
What is the term for a trade agreement between three or more countries?
#18
Which trade theory suggests that the pattern of international trade is determined by differences in technology and economies of scale?
#19