#1
Which of the following is a commonly used measure of a country's economic output?
#2
Which organization facilitates international trade negotiations and sets rules for trade between nations?
#3
What is the economic term for the difference between a country's exports and imports?
#4
Which international organization provides financial assistance and technical support to developing countries?
#5
What does FDI stand for in the context of international economics?
#6
Which economic concept refers to the ability of a country to produce a good or service at a lower opportunity cost than another country?
#7
What is the term for a situation where a country's exports exceed its imports?
#8
Which theory suggests that countries should specialize in producing goods and services in which they have a comparative advantage?
#9
What is the economic term for a tax imposed on imported goods?
#10
What is the name of the agreement that established the European Union's single market?
#11
Which of the following is a strategy to reduce the adverse effects of exchange rate fluctuations on international trade?
#12
Which trade theory suggests that factors of production, such as labor and capital, are immobile between countries?
#13
Which trade policy involves the removal of barriers to trade between countries, such as tariffs and quotas?
#14
Which of the following is a regional trade agreement involving countries in North America?
#15
Which trade theory emphasizes the role of economies of scale and imperfect competition in explaining international trade?
#16
What is the name for the practice of selling goods in foreign markets at a price below their production cost or fair market value?
#17
What is the term for the practice of artificially lowering the value of a country's currency to gain a competitive advantage in international trade?
#18