81. Which of the following is an objective of trade policy?
a) Ensuring domestic self-sufficiency
b) Restricting foreign investment
c) Increasing trade barriers
d) Promoting economic growth through international trade
82. The concept of “trade in goods” refers to the exchange of:
a) Intellectual property rights
b) Financial services
c) Physical goods
d) Cultural artifacts
83. The concept of “trade surplus” refers to a situation where:
a) Exports exceed imports
b) Imports exceed exports
c) The balance of trade is zero
d) The balance of payments is positive
84. The World Trade Organization (WTO) is headquartered in:
a) Geneva, Switzerland
b) New York, USA
c) Paris, France
d) London, UK
85. The concept of “balance of payments” refers to the:
a) Difference between exports and imports of goods and services
b) Difference between government revenue and expenditure
c) Difference between foreign assets and liabilities
d) Difference between national income and consumption
