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

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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

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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

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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 96
A
exchange value
B
barter value
C
exchange rate
D
market price
E
unit price
Explanation

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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

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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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