International Trade and Economics MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on International Trade and Economics, a fundamental topic in the field of International Relations. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our International Trade and Economics MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of International Trade and Economics mcq questions that explore various aspects of International Trade and Economics problems. Each MCQ is crafted to challenge your understanding of International Trade and Economics principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace International Relations tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our International Trade and Economics MCQs are your pathway to success in mastering this essential International Relations topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of International Trade and Economics. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your International Trade and Economics knowledge to the test? Let's get started with our carefully curated MCQs!

International Trade and Economics MCQs | Page 12 of 22

Q111.
A state that exports more than it imports is
Discuss
Answer: (a).Positive balance of trade
Q112.
A state that imports more than its exports is
Discuss
Answer: (c).Trade deficit
Q113.
If the price is high people are less wiling to buy, if the prices are low more people are willing to buy it this process is called
Discuss
Answer: (a).Demand Curve
Q114.
If the price has risen more sellers are willing to supply their items, if price decrease more sellers are willing to supply their items is called
Discuss
Answer: (b).Supply Curve
Q115.
The at which the demand and supply curve crosses are called
Discuss
Answer: (b).Equilibrium price
Q116.
Mercantilism and Liberalism are theory of
Discuss
Answer: (d).Economics
Q117.
Which countries choose to retain their national currency?
Discuss
Answer: (a).Britain, Denmark, Sweden
Q118.
The thirteenth, Slovenia joined in
Discuss
Answer: (d).2007
Q119.
When did the euro come in full circulation?
Discuss
Answer: (c).2002
Q120.
When did the European Commission appeal the EU member states for voting to let France and Germany remove the euro rules?
Discuss
Answer: (b).2004