Should UN Trade with Other Countries? MCQs with Answers PDF Download – Test 90

MCQ 446: Smaller the opportunity cost of every good produced in the country is better to gain:

1. gains from trade
2. comparative advantage
3. debt
4. comparative disadvantage

MCQ 447: The theorem that relates with the features like allow free trade in outputs, specialize in labor-intensive production, and export labor indirectly in the form of labor-intensive goods is known as:

1. stolper-samuelson theorem
2. laissez faire theorem
3. rybczynski theorem
4. factor-price equalization theorem

MCQ 448: An agreement among countries in a geographic region to reduce and ultimately remove, tariff and non tariff barriers to the free flow of goods or services and factors of production among each others is known as:

1. economic integration
2. world trade organization agreement
3. preferential trade arrangements
4. custom union

MCQ 449: Goods/services that are produces within nation and are sold out internationally are:

1. exports
2. imports
3. balance of payment
4. raw materials

MCQ 450: The increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital is known as:

1. technological advancement
2. globalization
3. economy growth
4. upgradation