#1
Which of the following organizations is responsible for setting international trade rules?
World Bank
United Nations
World Trade Organization
International Monetary Fund
#2
What does GDP stand for?
Global Debt Percentage
Gross Domestic Product
General Demand Percentage
Gross Development Progress
#3
What does FDI stand for in the context of international economics?
Foreign Development Investment
Foreign Direct Investment
Federal Deposit Insurance
Foreign Debt Index
#4
What is the main goal of the International Monetary Fund (IMF)?
Promoting free trade agreements
Providing loans to member countries facing financial difficulties
Setting international trade rules
Stabilizing exchange rates
#5
Which economic indicator measures the total value of goods and services produced within a country's borders in a specific period?
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
Unemployment rate
Inflation rate
#6
Which international economic organization provides financial assistance and technical support to developing countries?
World Bank
World Trade Organization
International Monetary Fund
Asian Development Bank
#7
Which economic theory emphasizes the importance of government intervention in international trade?
Mercantilism
Neoliberalism
Classical Liberalism
Keynesianism
#8
What is the term used to describe a situation where a country exports more than it imports?
Trade surplus
Trade deficit
Trade equilibrium
Balance of payments
#9
What is the concept of comparative advantage in international trade?
A country produces all goods and services it needs domestically
A country specializes in producing goods with the highest demand
A country focuses on producing goods it can produce most efficiently relative to other countries
A country prioritizes exporting goods with the lowest production costs
#10
Which of the following is NOT a component of the balance of payments?
Current account
Capital account
Financial account
Trade account
#11
Which trade theory suggests that a country should specialize in producing goods it can produce most efficiently relative to other countries?
Comparative advantage
Absolute advantage
Heckscher-Ohlin model
Factor proportions theory
#12
What is the purpose of tariffs in international trade?
To encourage imports
To discourage exports
To raise government revenue
To promote free trade
#13
Which currency is used as the primary reserve currency in the world?
Euro
Japanese Yen
British Pound
US Dollar
#14
Which term describes a situation where a country deliberately sells goods below market price in another country to gain market share or drive competitors out of business?
Dumping
Subsidization
Protectionism
Quota
#15
What is the term used to describe a situation where a country intentionally manipulates its currency exchange rate to gain an unfair advantage in international trade?
Currency devaluation
Currency appreciation
Currency manipulation
Currency stabilization