QUIZ 2 ( Theories on INternational Trade)
Authored by Shyeleen Nunez
Business
University
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25 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When the value of export is greater than the value of import, it is called__________________________?
Trade surplus
Trade deficit
Protectionism
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Country's wealth was determined by the amount of its gold and silver holdings.
trade surplus
mercantilism
absolute advantage
competitive advantage
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
H e developed the product life cycle theory.
Adam Smith
Raymond Vernon
Steffan Linder
Paul Krugman
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Heckscher-Ohlin Theory is also known as (a) ?
*Note: Dont include any symbols/Unnecessary letters
Do NOT use caps lock
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In mercantilism, The objective of each country is to have trade deficit and to avoid trade surplus.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following are the determinants of Porter's National COmpetitive Advantage Theory EXCEPT:
Local Firm Strategy and structure
Local demand conditions
Local industrial resources
Local factor conditions
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Comparative advantage focus on the relative productivity differences, absolute advanatage looks at the absolute productivity
TRUE
FALSE
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