Trade Marketing MCQs

Trade Marketing MCQs

These Trade Marketing multiple-choice questions and their answers will help you strengthen your grip on the subject of Trade Marketing. You can prepare for an upcoming exam or job interview with these Trade Marketing MCQs.
So scroll down and start answering.

1: In order to achieve export led growth; it is assumed the country will adopt certain policies. These include:

A.   Liberalized Trade

B.   Liberalized Capital Flows

C.   A floating exchange rate

D.   All of the above

2: Which industry in the tertiary sector could be a common export for developing countries?

A.   Banking and Financial Services

B.   Manufacturing

C.   Tourism

D.   Schools and Universities.

3: The removal or reduction in trade barriers between countries is called:

A.   Export promotion

B.   Export-led growth

C.   Trade liberalization

D.   WTO guidelines

4: When was fair-trade labeling first used?

A.   In 1988 in the Netherlands, with coffee from Mexico

B.   In 1988 in the US with coffee from Colombia

C.   In 1999 in the Netherlands with coffee from Mexico.

D.   None of the above.

5: _______ is the amount of money borrowed or invested.

A.   Interest

B.   Principal

C.   Principle

D.   Rate

6: This kind of economic cooperation makes it necessary for a foreign firm to enter a member country with the least non tariff restrictions.

A.   Free trade area

B.   Custom union

C.   Common market

D.   Political union

7: Taxes levied on imports into a country are called:

A.   Tariffs

B.   Quotas

C.   Duties

D.   Barriers

8: How many different sizes of packaging are there for Cetaphil Gentle Cleanser?

A.   1

B.   2

C.   3

D.   4

9: When a country produces just a few major products, it may suffer from the problem of:

A.   Interdependence

B.   Independence

C.   Over-specialization

D.   Trade diversion

10: What is tariff escalation?

A.   The rate of tariffs on goods rises the more the goods are bought by consumers

B.   The rate of tariffs on goods rises the more the goods are processed

C.   The rate of tariffs on goods rises when dumping can be proved by the WTO

D.   The rate of tariffs on goods rises in accordance with the supply / demand for the good.

11: Tariff escalation is widely observed in:

A.   Textile markets

B.   Agriculture markets

C.   Mineral-resource markets

D.   Foreign exchange markets

12: When a developing country adopts a policy of ISI it will:

A.   Produce goods domestically rather than import them.

B.   Import more essential goods to satisfy domestic demand but export goods where the country has a comparative advantage.

C.   Produces goods domestically and export all these goods to the world.

D.   Import about the same volume of exports.

13: Traditionally countries which adopted a policy of ISI focused on industries that were:

A.   Labor intensive

B.   Low skilled manufacturing

C.   Not dependent on large investments in capital equipment.

D.   All of the above

14: With a policy of ISI a government will:

A.   Provides subsidies to domestic industries and implements tariffs against imports.

B.   Removes barriers to free trade, but maintains subsidies to local industries

C.   Provides subsidies to domestic industries, but exports more to the developed world.

D.   None of the above.

15: When countries implement a policy of ISI other countries may:

A.   Welcome the decision and attempt to increase trade with this country

B.   Implements similar policies, while trying to encourage more trade.

C.   Takes retaliatory measures, involving more protectionist policies.

D.   Adopts the counter-argument and implement less protectionist measures Correct