International Trade and Finance MCQ

Below International Trade and Finance quiz are Multiple Choice Questions (MCQs) type Quiz. These International Trade and Finance MCQ Questions helps you to refresh your International Trade and Finance, you can see the correct option by clicking on it. .
  • 1. Which of the following was instrumental in creating the global economy that exists today?

    • The use of high taxes for imports and exports
    • Improvements in technology such as the Internet
    • The creation of one form of currency (money) used to trade
    • The success of the Communist governments in guiding trade
  • 2. The exchange of goods and services by sale or barter driven by the need for resources.

    • Fair Trade
    • Globalization
    • Trade
    • Standard of Living
  • 3. If nations limit trade in of clothing who will benefit?

    • Domestic Consumers of clothing
    • Domestic producers of clothing
    • Foreign Producers of clothing 
    • department stores who sell clothing
  • 4. To focus on producing one thing to improve productivity is known as:

    • Specialization
    • International trade
    • Absolute Advantage
    • Supply and Demand
  • 5. If I am better at all types of production, I have the ______ in all forms of production.

    • Comparative advantage
    • Specialization
    • Absolute advantage
    • developed nation
  • 6. Developed nations have all of the following except

    • better education
    • high levels of technology
    • better health
    • higher populations