Introduction to International Relations MCQs – Practice Test for Exam Prep

Liberalism and Mercantilism Multiple Choice Questions with Answers – PDF Download

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Free "Liberalism and Mercantilism MCQ" App Download with MCQ: Value of a states import relative to its exports is; with answers: demand curve, equilibrium, balance of trade, and supply curve to support global education. Practice Liberalism and Mercantilism Quiz Questions, download Apple Book (Free Chapter) to complete diplomacy courses.

Liberalism and Mercantilism MCQs PDF Download – Prep Test

MCQ 1: The value of a states import relative to its exports is:

Demand Curve
Equilibrium
Balance of trade
Supply curve

MCQ 2: Two major approaches with IPE are:

Mercantilism
Liberalism
Socialism
A and B

MCQ 3: A state that exports more than it imports is:

Positive balance of trade
Balance of trade
Trade surplus
Negative balance of trade

MCQ 4: A state that imports more than its exports is:

Trade surplus
Positive balance of trade
Trade deficit
Balance of trade

MCQ 5: If the price is high people are less wiling to buy, if the prices are low more people are willing to buy it this process is called:

Demand Curve
Supply Curve
Equilibrium price
Demand supply curve

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