Economics (UI) | Study Mode

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Question 91
A
Trade done by people in the villages 
B
Exchange of goods for money 
C
International trade 
D
Exchange of goods for goods 
E
The trade of the Middle Ages 
Explanation.

No official Explanation yet!


Correct Option:
D
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Question 92
A
Comparative advantage 
B
Absolute advantage 
C
Distributive cost advantage 
D
Absolute cost advantage 
E
None of the above 
Explanation.

No official Explanation yet!


Correct Option:
A
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Question 93
A
Comparative advantage is relevant to the former but not to the latter 
B
Products flow easily within regions of a country 
C
There are different resource supplies among countries of the world 
D
Of regulations from GATT 
E
None of the above 
Explanation.

No official Explanation yet!


Correct Option:
B
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Question 94
A
Inflation or increasing prices generally 
B
Increase in foreign reserves 
C
Decrease in foreign reserves 
D
Government budget surplus 
E
None of the above 
Explanation.

No official Explanation yet!


Correct Option:
B
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Question 95
A
The quality of exports 
B
The direction of foreign trade 
C
Terms of purchase on deferred payment basis 
D
The rate at which exports exchange for imports 
E
Import licensing 
Explanation.

No official Explanation yet!


Correct Option:
D
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Question 96
A
exchange value 
B
barter value 
C
exchange rate 
D
market price 
E
unit price 
Explanation.

No official Explanation yet!


Correct Option:
C
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Question 97
A
its exports to rise 
B
its imports to rise 
C
gold to flow into that country 
D
its currency to be in surplus 
E
devaluation 
Explanation.

No official Explanation yet!


Correct Option:
B
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Question 98
A
devaluation 
B
depreciation 
C
inflation 
D
fiscal deficit 
E
none of the above 
Explanation.

No official Explanation yet!


Correct Option:
A
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Question 99
A
Imports of cars 
B
Export of cocoa 
C
Export of crude petroleum 
D
Tourism 
E
Import of building materials 
Explanation.

No official Explanation yet!


Correct Option:
D
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Question 100
A
The absence of common currency 
B
Political instability 
C
High poverty level 
D
Non-implementation of decisions 
E
Trade-related political crisis in Ivory coast 
Explanation.

No official Explanation yet!


Correct Option:
A

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