51. Which of the following is an example of a trade promotion strategy?
a) Imposing trade barriers
b) Implementing import quotas
c) Providing export incentives
d) Restricting foreign direct investment
52. The balance of payments includes which of the following accounts?
a) Current account, capital account, and financial account
b) Trade account, investment account, and budget account
c) Imports account, exports account, and remittances account
d) Fiscal account, monetary account, and exchange rate account
53. The concept of “comparative advantage” suggests that countries should specialize in producing goods:
a) That they can produce at the lowest cost
b) That have the highest demand in the global market
c) That are essential for national security
d) That are protected by trade barriers
54. The Agreement on Trade-Related Investment Measures (TRIMs) prohibits:
a) Import quotas
b) Export subsidies
c) Discriminatory investment practices
d) Dumping in international trade
55. Which of the following is an example of a trade promotion agency?
a) International Monetary Fund (IMF)
b) World Bank
c) Export-Import Bank
d) United Nations Conference on Trade and Development (UNCTAD)
