#1
Which of the following is a macroeconomic indicator?
Consumer Price Index (CPI)
Profit Margin
Inventory Turnover
Return on Investment (ROI)
#2
What is the main purpose of the World Trade Organization (WTO)?
Promoting fair competition in international markets
Regulating national currencies
Providing humanitarian aid
Enforcing global environmental standards
#3
Which indicator is commonly used to measure a country's economic health and is calculated as the total value of goods and services produced within a country's borders?
Gross National Product (GNP)
Net Export Value (NEV)
Gross Domestic Product (GDP)
Balance of Payments (BOP)
#4
What is the primary purpose of a tariff in international trade?
Promoting free trade
Encouraging foreign investment
Protecting domestic industries by taxing imports
Facilitating currency exchange
#5
In the context of balance of payments, what does a surplus in the current account indicate?
A country is exporting more goods and services than it is importing
A country is borrowing heavily from other nations
A country is experiencing high inflation rates
A country has a budget surplus
#6
What does the Balance of Trade measure?
Government Debt
Exports minus Imports
Inflation Rate
Gross Domestic Product (GDP)
#7
In the context of international trade, what is 'Dumping'?
Selling goods below cost in a foreign market
Exchanging goods without formal agreements
A form of barter trade
A tax on imported goods
#8
Which of the following is an example of a capital account transaction in international trade?
Import of goods
Foreign direct investment (FDI)
Export of services
Trade deficit
#9
Which economic theory advocates minimal government intervention and stresses the importance of free markets in international trade?
Mercantilism
Keynesianism
Neoliberalism
Marxism
#10
What is the primary purpose of the International Monetary Fund (IMF)?
Facilitating international trade agreements
Providing financial assistance to countries facing balance of payments problems
Promoting global environmental sustainability
Regulating global commodity prices
#11
Which organization facilitates international monetary cooperation and exchange rate stability?
World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
Organization of the Petroleum Exporting Countries (OPEC)
#12
What is the Triffin Dilemma related to?
Global Warming
Currency Issuance
Labor Market Regulations
Cybersecurity
#13
What does the term 'Terms of Trade' refer to in international economics?
Exchange rates between two currencies
The conditions of trade agreements
The ratio of export prices to import prices
Tariff rates imposed by a country
#14
In the context of international finance, what is the 'Impossible Trinity'?
Free trade agreements
A situation where a country cannot have a fixed exchange rate, free capital movement, and an independent monetary policy simultaneously
A global economic downturn
A theory of comparative advantage
#15
Which economic concept refers to the situation where a country can produce a good at a lower opportunity cost than another country?
Absolute advantage
Comparative advantage
Trade surplus
Balance of trade