Chapter Quiz
Global Trade Knowledge Quiz
Test your understanding of global trade dynamics and concepts with our engaging quiz! Dive into questions about exports, protectionism, and international market strategies.
You'll learn about:
- Top exporters of goods and services
- Comparative vs. competitive advantage
- The effects of tariffs and anti-dumping duties
Top exporter of goods
USA
China
Top exporter of services
USA
China
Which of the following results in the largest trade deficit?
Imports
Exports
Protectionism is the idea that the government is protecting jobs
True
False
Enjoying and not sharing an advantage is often made by:
Unethical firms
First-movers
Deadweight loss happens because of:
Loss on default products
Unsold items
Tariffs
Logistic costs
Anti-dumping duties help:
Exporting companies
Importing companies
MNEs
Domestic companies
Imagine China can produce 20 cars and 40 aircrafts. Meanwhile, the US can produce 30 Cars and 80 Aircrafts. In this case, China has a(n):
Comparative advantage in producing aircrafts
Competitive advantage
Comparative advantage in producing cars
Absolute advantage
An operation with shared ownership by several domestic or foreign companies is often called:
Joint Venture
Foreign Direct Portfolio
Foreign Direct Investment
Multinational Enterprise
The OLI paradigm stands for:
Operations; Location; Internationalization
Organization; Logistics; Integration
Ownership; Location; Internalization
{"name":"Chapter Quiz", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your understanding of global trade dynamics and concepts with our engaging quiz! Dive into questions about exports, protectionism, and international market strategies.You'll learn about:Top exporters of goods and servicesComparative vs. competitive advantageThe effects of tariffs and anti-dumping duties","img":"https:/images/course4.png"}
More Quizzes
International Economic Relations
15825
Competitive Markets Post-Holiday Recap
251283
Which Foreign Trade Institute is right for you?
11637
LCBD
10560
EU PT 2
1479
Introduction to International Finance
11639
Sanctions
1890
Trade Terms
20100
BE2601/02 Lesson 2
1050
International Organizations Quiz 1
15826
FINA
1588
FIN 466 - Quiz 1
1587