6. Which of the following is a capital account transaction in the balance of payments?
a) Import of goods
b) Export of services
c) Foreign direct investment
d) Income from tourism
7. The World Trade Organization (WTO) is an international organization that deals with:
a) Environmental conservation
b) Humanitarian aid
c) Trade rules and regulations
d) Political conflicts
8. The most-favored-nation principle of the WTO means that:
a) All member countries are treated equally in trade
b) Certain countries receive preferential treatment
c) Trade barriers are eliminated for specific countries
d) Only developed countries can participate in trade
9. Which of the following is an example of a non-tariff barrier?
a) Import duties
b) Export subsidies
c) Quotas
d) Voluntary export restraints
10. Dumping in international trade refers to:
a) Selling products below production cost in the domestic market
b) Imposing tariffs on imported goods
c) Restricting imports to protect domestic industries
d) Granting subsidies to export industries
