#1
Which organization facilitates international trade agreements among countries?
#2
What does GDP stand for in the context of international economics?
#3
What is the name of the agreement that replaced the General Agreement on Tariffs and Trade (GATT) in 1995?
#4
Which term describes a situation where a country exports more goods and services than it imports?
#5
Which of the following is NOT a trade barrier?
#6
What is the term for an agreement between two or more countries to reduce or eliminate trade barriers?
#7
Which country is known for its comparative advantage in oil production?
#8
What is the term used for a tax imposed on imported goods?
#9
Which of the following is NOT a main component of the balance of payments?
#10
What does the term 'Dumping' refer to in the context of international trade?
#11
Which organization is responsible for issuing the World Economic Outlook report?
#12
What is the term for a situation where a country pegs its currency to the currency of another country or a basket of currencies?
#13
Which economic theory suggests that countries should specialize in producing goods for which they have the lowest opportunity cost?
#14
Which international trade theory emphasizes the role of economies of scale and market imperfections?
#15
Which of the following countries is NOT a member of the North American Free Trade Agreement (NAFTA) or its successor, the United States-Mexico-Canada Agreement (USMCA)?
#16
Which economic theory emphasizes the role of factor endowments in determining comparative advantage?
#17