SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Foreign Trade Global
Start Test
Study First
Subjects
:
business-skills
,
industries
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Group of countries that have agreed to reduce trade barriers among themselves - but lack a common tariff barrier for nonmembers
nations - rate - currencies
problems - scale
exchange - currencies
free trade area
2. ___________ argue _________ can't be controlled until economic __________ to pollute are removed
expropriation
economists - pollution - incentives
taxes - permits - incentive - pollute
embargo
3. High _______ were one of the primary causes associated w/ the Great __________ - yet the _____ has moved toward ____ trade ever since the
traders - arguments - consumer
nations - produce - trade - output
tariffs - Depression - world - free
markets - free - future
4. Mixture of 90% unleaded gasoline & 10% grain alcohol
ASEAN
GATT - Trade - trade - disputes
gasohol
protectionists
5. The basis for _____ today is called comparative _________
taxes - permits - incentive - pollute
trade - advantage
subsistence
nation - nations
6. Modern _________ is suited to meet the economic _____ of the people
European Union
capitalism - goals
nation - nations
NAFTA
7. [FIB] Protectionists support trade barriers on the basis of:
national defense - infant industries - protecting domestic jobs- keeping money at home
World Trade Organization
tariffs - quotas - licensing - health certification - voluntary quotas
tariffs - Depression - world - free
8. [ESSAY] Major challenges of developing nations: high _____ rates - increasing ____ expectancies - shortage of __________ resources - limited ________ & technology - ________ - large scale __________ - aftermath of ___ - external ____
World Trade Organization
GATT - Trade - trade - disputes
most favored nation clause
birth - life - national - education - religion - corruption - war - debt
9. Group of 10 Southeast Asian nations working to promote regional cooperation - economic growth - & trade
GATT - Trade - trade - disputes
exports
ASEAN
free trade area
10. Balance of payments outcome when spending on imports exceeds revenues received from exports
economists - pollution - incentives
modified free enterprise economy
trade deficit
nations - rate - currencies
11. _________ is an expanding problem that ___________ seek to find answer to
World Trade Organization
population - governments
trade - advantage
most favored nation clause
12. Trade law allowing a third country to enjoy the same tariff reductions the U.S. negotiates w/ another country
grow - attention
exchange - currencies
most favored nation clause
international
13. Today there are 1.2 _______ people who make less than $_ a day
international
billion - 1
restrict - markets - globe
problems - scale
14. The goods & services that a nation buys from other nations
imports
World Trade Organization
floating - flexible - supply - demand - currency
tariff
15. Foreign currencies used by countries to conduct international trade
foreign exchange
credits - certificates - ton - atmosphere
most favored nation clause
dumping
16. The ___ & the World ____ are the 2 major international ________ that help w/ ___________
embargo - 1970 - energy
IMF - Bank - agencies - development
gasohol
foreign exchange
17. Selling products outside of the country for less than it costs to produce them at home
technology
gasohol
imports
dumping
18. [FIB] Most widely used non renewable _________ of today: ___ - _______ gas - ____
NAFTA - U.S. - Canada - Mexico
economists - pollution - incentives
resources: - oil - natural - coal
capitalism - goals
19. If people & _______ specialize in the things they _______ relatively more efficiently - & if they engage in _____ to secure the things they do no produce then total world ______ will increase
nations - produce - trade - output
tariffs - Depression - world - free
free trade area
imports
20. The ____ was established in 1947 & evolved into the World _____ Organization which now tries to open nations up to _____ & settle ________
tariff
GATT - Trade - trade - disputes
floating - flexible - supply - demand - currency
population - governments
21. Successor of the European community established in 1993 by the Maastricht Treaty
taxes - permits - incentive - pollute
European Union
dumping
tariffs - Depression - world - free
22. Free enterprise system w/ some government involvement
modified free enterprise economy
capitalism - goals
tariffs - Depression - world - free
endangered - boom - water - land
23. Some smaller ______ use a fixed ____ that ties their value to that of other major _________
fixed exchange rate
embargo - 1970 - energy
nations - rate - currencies
national defense - infant industries - protecting domestic jobs- keeping money at home
24. International agency that administers trade agreements - settles trade disputes b/w governments - organizes trade negotiation - & provides technical assistance & training for developing countries
problems - scale
World Trade Organization
NAFTA - U.S. - Canada - Mexico
NAFTA
25. Free _______ believe that all of the protectionists _________ are flawed - due to the restriction that it places on the ________
tariff
traders - arguments - consumer
endangered - boom - water - land
trade surplus
26. The national _______ for economic ________ has recommended a 5 point approach to _______ making & the final step is cost benefit ________
gasohol
council - thinking - decision - analysis
tariffs - quotas - licensing - health certification - voluntary quotas
grow - attention
27. Situation occurring when the value of a nation's exports exceeds the value of its imports
taxes - permits - incentive - pollute
trade surplus
endangered - boom - water - land
foreign exchange
28. Individual who favors fewer or even no trade restrictions
taxes - permits - incentive - pollute
IMF - Bank - agencies - development
free traders
floating - flexible - supply - demand - currency
29. A fundamental knowledge of ________ is key to understand our modern _______ b/c __________ has become the dominant economic ______ today
nations - rate - currencies
trade surplus
flexible exchange rate
economics - society - capitalism - system
30. Deprived nations face the same ________ large nations encounter - just on a greater _____
floating - flexible - supply - demand - currency
credits - certificates - ton - atmosphere
biomass
problems - scale
31. Government confiscation of private or foreign owned goods w/o compensation
imports
national defense - infant industries - protecting domestic jobs- keeping money at home
subsistence
expropriation
32. Prohibition on the export or import of a product
embargo
tariffs - Depression - world - free
200 - Thomas Malthus - nations - birth - famine - standard - living
ASEAN
33. Agreement signed in 1993 to reduce tariffs b/w the U.S. - Canada - & Mexico
nations - rate - currencies
credits - certificates - ton - atmosphere
tariffs - Depression - world - free
NAFTA
34. [FIB] barriers to international trade:
nations - produce - trade - output
economics - society - capitalism - system
protectionists
tariffs - quotas - licensing - health certification - voluntary quotas
35. It was the oil _______ of the early ____s that pushed the U.S. to seek out new sources of ______
NAFTA
embargo - 1970 - energy
economics - society - capitalism - system
tariffs - Depression - world - free
36. The primary concern w/ these nations is the ____________ needs - not just the _________
dumping
exchange - international
humanitarian - political
NAFTA
37. Resource created from living & nonliving materials
200 - Thomas Malthus - nations - birth - famine - standard - living
biomass
capitalism - goals
problems - scale
38. Foreign ________ is the lifeblood of ____________ trade
trade deficit
exchange - international
embargo - 1970 - energy
IMF - Bank - agencies - development
39. Tax placed on an imported product
tariff
foreign exchange
credits - certificates - ton - atmosphere
council - thinking - decision - analysis
40. The U.S. is extensively involved in _____________ trade
trade - advantage
international
resources: - oil - natural - coal
credits - certificates - ton - atmosphere
41. Carbon _______ are tradable ___________ that give the right to emit 1 ___ of carbon into the ____________
population - governments
NAFTA - U.S. - Canada - Mexico
credits - certificates - ton - atmosphere
trade deficit
42. Malthus didn't take into account the advancement of _________ that would effect all of the factors
technology
trade deficit
national defense - infant industries - protecting domestic jobs- keeping money at home
200 - Thomas Malthus - nations - birth - famine - standard - living
43. Person who would protect domestic producers w/ tariffs - quotas - & other trade barriers
international
tariffs - Depression - world - free
nations - rate - currencies
protectionists
44. More than ___ years ago - it was predicted by _______ _______ the problems that would be associated w/ developing _______ : high ______ rates - _____ - threat of a subsistence ________ of ______
200 - Thomas Malthus - nations - birth - famine - standard - living
free trade area
problems - scale
exports
45. System under which the value of currencies were fixed in relation to one another
protectionists
traders - arguments - consumer
fixed exchange rate
embargo - 1970 - energy
46. Most favored ______ clause is important b/c it gives them the same tariff reductions the U.S. provides other _______
NAFTA
billion - 1
nation - nations
economists - pollution - incentives
47. Legislation is passed on a continuing basis as it continues to ____ & demand immediate _________
grow - attention
World Trade Organization
population - governments
most favored nation clause
48. ______ was created to open up free trade b/w the ____ - ______ - & ______
nations - produce - trade - output
flexible exchange rate
markets - free - future
NAFTA - U.S. - Canada - Mexico
49. The value of foreign exchange is determined in foreign ________ markets where __________ are bought & sold
credits - certificates - ton - atmosphere
exchange - currencies
dumping
nation - nations
50. Barriers have been used to _______ the flow of products to _______ across the ______
subsistence
trade - advantage
restrict - markets - globe
ASEAN
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests