International trade
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- Q 1/20Score 0How is the import and export of goods called?29trade surplusvisible tradeviewless tradeinvisible trade
20 questions
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- Q1How is the import and export of goods called?trade surplusvisible tradeviewless tradeinvisible trade10s
- Q2What organization has rules of trade between nations established?UNCTADFITAWTOICC10s
- Q3What is a limit to the quantity of goods that can be imported?subsidisetariffquotabarrier10s
- Q4What is a freely floating exchange rate determined by?the level of supply and demandexchange marketscurrency speculationgold convertibility10s
- Q5Choose one form of protectionismretaliation against other countries' restrictioneconomic growthtariffsterrorism10s
- Q6What is a pact?government servicesa turning pointa series of consequences resulting from a single eventan agreement between two or more parties10s
- Q7What concerns open markets?tariffsquotasbarriersopen borders10s
- Q8What is attempting to reduce imports in favour of local production called?protectionismliberalismdemocratismopenness10s
- Q9What are taxes on imported goods called?quotassubsidiesrestrictionstariffs10s
- Q10What export document contains details of the goods?the commercial invoicequality and weight certificatesthe bill of ladingthe insurance certificate10s
- Q11What is usually payment for imported products by?documentary creditbill of ladingdeposit accountexport licence10s
- Q12What export document gives the right to sell particular goods abroad?the certificate of originan export licencethe insurance certificatequality and weight certificates10s
- Q13What term means that the buyer collects the goods at the seller's own premises?EXW (Ex Works)DAF (Delivered At Frontier)CFR (Cost and Freight)FOB (Free On Board)10s
- Q14What term means the buyer pays for unloading the goods from the ship?DES (Delivered Ex Ship)DEQ (Delivered Ex Quay)DAF (Delivered At Frontier)DDU (Delivered Duty Unpaid)10s
- Q15What group of terms means the seller arranges and pays for the cariage or transportation of the goods?F termsD termsC termsE terms10s
