Question

1. The nature of international trade is
(a) Complex procedure
(b) Having foreign exchange
(c) Different currencies are place (d) Free trade
2. Comparative cost theory is based on
(a) Land
(b) Capital
(c) Labour
(d) Organization
3. "Ad-valorem means according to
(a) Weight
(b) Value
(c) Country
(d) Commodity
4. Trade will not be possible on one of the following conditions
(a) Different cost
(b) Different supply
(c) Identical cost
(d) Different demand
5. The aim of import quota is to restrict the
(a) Quantity of import
(b) Consumption
(c) Demand
(d) Purchase power
6. The most important trade barriers are
(a) Health regulation
(b) safety regulation
(c) Labelling and packaging regulation (d) both (a) and (b)​

Answer 1

Answer:

1=B

2=D

3=UIEHRIR RKRJR KR

Answer 2

Explanation:

1. The nature of international trade is

(a) Complex procedure

(b) Having foreign exchange

(c) Different currencies are place (d) Free trade

2. Comparative cost theory is based on

(a) Land

(b) Capital

(c) Labour

(d) Organization

3. "Ad-valorem means according to

(a) Weight

(b) Value

(c) Country

(d) Commodity

4. Trade will not be possible on one of the following conditions

(a) Different cost

(b) Different supply

(c) Identical cost

(d) Different demand

5. The aim of import quota is to restrict the

(a) Quantity of import

(b) Consumption

(c) Demand

(d) Purchase power

6. The most important trade barriers are

(a) Health regulation

(b) safety regulation

(c) Labelling and packaging regulation (d) both (a) and