Visible exports and imports
Invisible exports and imports
Choose the correct word or word combination for the following definitions: The ability of a county to produce a good using a fewer resources than another country. |
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Comparative advantage
Absolute advantage
Choose the correct word or word combination for the following definitions: A law that bars trade |
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Quota
Embargo
Tariff
Choose the correct word or word combination for the following definitions: Trade in goods |
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Visible exports and imports
Invisible exports and imports
Insert prepositions: International trade is … the rise … recent centuries. |
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on, in
in, in
on, at
Insert prepositions: Economic theory distinguishes … absolute and comparative advantage. |
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between
among
on
Insert prepositions: Economists believe that the gains … free trade exceed the losses. |
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from
for
on
Insert prepositions: The WTO was set … in 1995 to encourage free trade … the global market place. |
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up, in
off, on
up, on
Insert prepositions: The WTO governs trade … many products and raw materials, but has no control .. exchange rates. |
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in, on
at, for
In, over
Insert prepositions: A country … absolute advantage concentrates … the products which bring the least disadvantage. |
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without, on
with, for
with, on
In these questions each sentence has four underlined words or phrases. The four Underlined parts of the sentence are marked (A), (B), (C) and (D). Identify the one underlined word or phrase that must be changed in order for the sentence to be correct.
(A)Opening up trade (B) fosters competition and gives the invisible hand (C) better chance (D) to work its magic. |
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a
c
b
d
In these questions each sentence has four underlined words or phrases. The four Underlined parts of the sentence are marked (A), (B), (C) and (D). Identify the one underlined word or phrase that must be changed in order for the sentence to be correct.
(A) A most of Belarusian exports (B) go to Russia (C) among them are minerals, (D) chemical products and food. |
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a
c
b
d
In these questions each sentence has four underlined words or phrases. The four Underlined parts of the sentence are marked (A), (B), (C) and (D). Identify the one underlined word or phrase that must be changed in order for the sentence to be correct.
(A) It is necessary to say that (B) many farmers in this county (C) are being subsidized (D) by the government every year. |
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a
c
b
d
In these questions each sentence has four underlined words or phrases. The four Underlined parts of the sentence are marked (A), (B), (C) and (D). Identify the one underlined word or phrase that must be changed in order for the sentence to be correct.
(A) Half the population of the Caribbean (B) relies at the banana industry (C) to supply (D) their basic needs. |
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a
c
b
d
In these questions each sentence has four underlined words or phrases. The four Underlined parts of the sentence are marked (A), (B), (C) and (D). Identify the one underlined word or phrase that must be changed in order for the sentence to be correct.
Economists (A) always understood (B) the principle of comparative advantage (C) and the gains (D) from international trade. |
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a
c
b
d