Political Economy of International Trade MCQ Test 2

1. What is the term used to describe the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas?

2. What is the role of regional trade agreements (RTAs) in international trade?

3. Which of the following trade policies aims to restrict or limit the importation of certain goods or services?

4. Which of the following trade organizations aims to promote economic cooperation and integration among Southeast Asian countries?

5. How does trade impact economic growth?

6. What is the relationship between trade and human rights?

7. What is the relationship between trade and economic growth?

8. Which of the following trade policies aims to promote the growth of domestic industries by reducing or eliminating trade barriers and promoting the free flow of goods and services?

9. What is the term used to describe the study of the interaction between politics and economics in the context of international trade?

10. Which of the following trade policies aims to promote the growth of domestic industries by encouraging exports through subsidies or tax incentives?

11. What is the relationship between trade and inequality?

12. Which of the following is an example of a trade policy aimed at reducing barriers to trade and promoting economic integration?

13. Which international organization is responsible for setting global trade rules and resolving trade disputes?

14. What is the term used to describe the practice of a country selling goods and services to other countries at a lower price than its production cost?

15. What is the role of non-governmental organizations (NGOs) in international trade?

16. How does trade impact agriculture?

17. Which of the following trade theories suggests that countries should focus on accumulating gold and silver through trade surpluses?

18. Which of the following trade agreements aims to promote economic integration among countries in Europe?

19. What is the impact of globalization on international trade?

20. Which of the following trade organizations aims to promote economic cooperation and integration among South American countries?

21. What is the concept of trade liberalization?

22. What is the relationship between trade and labor?

23. What is the relationship between trade and technology?

24. What is the purpose of a trade agreement?

25. What is the balance of trade?

26. Which of the following trade agreements aims to promote economic integration among countries in North America?

27. Which of the following trade policies aims to reduce trade barriers and promote the free flow of goods and services between countries?

28. What is the relationship between trade and poverty?

29. How does trade impact technology transfer?

30. What is the relationship between trade and the environment?

31. Which of the following trade theories suggests that countries should specialize in producing goods in which they have a comparative advantage?

32. What is the relationship between trade and gender?

33. Which international trade agreement aims to promote free trade by reducing barriers to trade and investment?

34. What is the purpose of a tariff?

35. Which of the following is an example of a non-tariff barrier to trade?

36. Which theory of international trade suggests that countries should specialize in the production of goods and services in which they have a lower opportunity cost?

37. How does trade impact gender equality?

38. What is the main objective of trade policies?

39. Which of the following trade organizations is responsible for overseeing the implementation and enforcement of trade agreements among its member countries?

40. What is the World Trade Organization (WTO) responsible for?