Trade between two countries is known as ____ trade

(a)

External

(b)

Internal

(c)

Inter-regional

(d)

Home

Which of the following factors influence trade?

(a)

The stage of development of a product

(b)

The relative price of factors of productions.

(c)

Government.

(d)

All of the above.

Exchange rates are determined in

(a)

money market

(b)

foreign exchange market

(c)

stock market

(d)

capital market

Exchange rate for currencies is determined by supply a!ld demand under the-system of

(a)

Fixed exchange rate

(b)

Flexible exchange rate

(c)

Constant

(d)

Government regulated

International trade was developed by

(a)

Adam Smith and Ricardo

(b)

Eli Heckscher and Bertil Ohlin

(c)

Ricardo and A.C. Pigou

(d)

Adam Smith and Ohlin

_______ includes both visible and invisible items.

(a)

Balance of payment

(b)

Balance of Trade

(c)

Foreign Trade

(d)

None of these

_______ equals Export - Import

(a)

Gross Import

(b)

Gross Export

(c)

Net Import

(d)

Net Export

_______ are determined in foreign exchange rate.

(a)

Rate of interest

(b)

Exchange rate

(c)

Net Exports

(d)

All the above

_______ means value of exports is more than that of imports.

(a)

Unfavorable trade

(b)

International trade

(c)

Favorable trade

(d)

External trade

________ refers to the exchange of goods and services with the political and geographical boundaries of a nation.

(a)

Internal Trade

(b)

External Trade

(c)

Foreign Trade

(d)

Global trade

Net Barter Terms of trade

(1)

R/P=1

Gross Barter Terms of Trade

(2)

R/P≠1

The single Factoral Terms of Trade

(3)

Tn = (P_x/ P_m) x 100

Balance of Payments Disequilibrium

(4)

Viner

Balance of Payment Equilibrium

(5)

Taussig