Samacheer Kalvi 12th Economics – Chapter 7: International Economics Book Back Answers
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12th Economics – Chapter 7: International Economics Book Back Answers
1. Trade between two countries is known as ________trade.
a) External b) Internal c) Inter-regional d) Home
2. Which of the following factors influence trade?
a) The stage of development of a product b) The relative price of factors of productions.
c) Government. d) All of the above.
3. International trade differs from domestic trade because of ________.
a) Trade restrictions b) Immobility of factors c) Different government policies d) All the above
4. In general, a primary reason why nations conduct international trade is because ____________.
a) Some nations prefer to produce one thing while others produce another
b) Resources are not equally distributed among all trading nations
c) Trade enhances opportunities to accumulate profits
d) Interest rates are not identical in all trading nations
5. Which of the following is a modern theory of international trade?
a) absolute cost b) comparative cost c) Factor endowment theory d) none of these
6. Exchange rates are determined in
a) money market b) foreign exchange market c) stock market d) capital market
7. Exchange rate for currencies is determined by supply and demand under the system of
a) Fixed exchange rate b) Flexible exchange rate c) Constant d) Government regulated
8. Net export equals ……
a) Export x Import b) Export + Import c) Export – Import d) Exports of services only
9. Who among the following enunciated the concept of single factoral terms of trade?
a) Jacob Viner b) G.S.Donens c) Taussig d) J.S.Mill
10. Terms of Trade of a country show ……………
a) Ratio of goods exported and imported b) Ratio of import duties
c) Ratio of prices of exports and imports d) Both (a) and (c)
11. Favourable trade means value of exports are __________ Than that of imports.
a) More b) Less c) More or Less d) Not more than
12. If there is an imbalance in the trade balance (more imports than exports), it can be reduced by
a) decreasing customs duties b) increasing export duties c) stimulating exports d) stimulating imports
13. BOP includes ___________.
a) visible items only b) invisible items only c) both visible and invisible items d) merchandise trade only
14. Components of balance of payments of a country includes
a) Current account b) Official account c) Capital accoun d) All of above
15. In the case of BOT,
a) Transactions of goods are recorded. b) Transactions of both goods and services are recorded.
c) Both capital and financial accounts are included. d) All of these
’16. Tourism and travel are classified in which of balance of payments accounts?
a)merchandise trade account b) services account c)unilateral transfers account d) capital account
17. Cyclical disequilibrium in BOP occurs because of
a) Different paths of business cycle. b) The income elasticity of demand or price elasticity of demand is different.
c) long-run changes in an economy d) Both (a) and (b).
18. Which of the following is not an example of foreign direct investment?
a) the construction of a new auto assembly plant overseas b) the acquisition of an existing steel mill overseas
c) the purchase of bonds or stock issued by a textile company overseas d) the creation of a wholly owned business firm overseas
19. Foreign direct investments not permitted in India
a) Banking b) Automic energy c) Pharmaceutical d)Insurance
20 Benefits of FDI include, theoretically
a) Boost in Economic Growth b) Increase in the import and export of goods and services
c) Increased employment and skill levels d) All of these
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