#1
Which international organization is responsible for promoting free trade and reducing trade barriers?
World Health Organization (WHO)
World Trade Organization (WTO)
International Monetary Fund (IMF)
United Nations (UN)
#2
What is the primary purpose of the International Monetary Fund (IMF)?
Promoting global health
Facilitating international trade agreements
Maintaining global financial stability
Resolving international conflicts
#3
Which economic indicator is used to measure the overall health of a country's economy and is calculated as the total value of all goods and services produced within a country in a specific time period?
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Unemployment Rate
Inflation Rate
#4
In the context of international trade, what does the term 'FTA' stand for?
Foreign Trade Agreement
Free Trade Area
Financial Transparency Act
Federal Trade Commission
#5
Which economic theory suggests that a government should not interfere with market forces and should let the market operate freely?
Keynesian economics
Mercantilism
Laissez-faire economics
Marxism
#6
What is the 'Balance of Payments' in international economics?
The difference between a country's exports and imports of goods and services
The amount of money a country owes to other nations
The total value of a country's currency in circulation
The ratio of public debt to GDP
#7
What is the purpose of the General Agreement on Tariffs and Trade (GATT) in international trade?
Regulating global immigration policies
Reducing trade barriers and tariffs
Managing international environmental agreements
Coordinating military alliances
#8
What is the primary objective of the Organization of the Petroleum Exporting Countries (OPEC)?
Ensuring global financial stability
Promoting renewable energy sources
Regulating oil prices and production
Combatting climate change
#9
Which international economic organization focuses on providing financial assistance and support to developing countries?
World Bank
Asian Development Bank (ADB)
European Central Bank (ECB)
Bank for International Settlements (BIS)
#10
What is the primary function of the World Bank in international economic relations?
Promoting global health initiatives
Providing financial assistance for infrastructure projects in developing countries
Regulating international trade agreements
Enforcing environmental regulations
#11
In the context of international economic relations, what does the term 'Dumping' refer to?
Exporting goods at a price lower than the production cost
Promoting fair competition
Bilateral trade agreements
Implementing import tariffs
#12
Which international agreement aims to combat climate change by reducing greenhouse gas emissions?
Paris Agreement
Kyoto Protocol
Montreal Protocol
Rio Declaration
#13
What is the primary purpose of the World Trade Organization's Dispute Settlement Body (DSB)?
Promoting cultural exchange
Adjudicating disputes related to international trade agreements
Facilitating climate change negotiations
Providing financial assistance to developing countries
#14
In the context of international economic relations, what does the term 'Bretton Woods' refer to?
A region in the United Kingdom known for its economic policies
A set of agreements establishing the post-World War II international monetary system
A financial crisis in the 19th century
A trade agreement between European countries
#15
Which economic concept emphasizes the idea that individuals, businesses, and governments should make decisions based on self-interest to maximize their own welfare?
Utilitarianism
Keynesian economics
Rational choice theory
Socialism
#16
What is the primary objective of the European Central Bank (ECB) in the European Union?
Regulating international trade agreements
Controlling inflation and maintaining price stability
Promoting renewable energy sources
Facilitating diplomatic negotiations