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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.
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Correct Option:
D


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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.
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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.
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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.
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Correct Option:
D


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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.
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Correct Option:
B

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

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