Related Mcqs:

1. The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

   A. Trade surplus
   B. Trade deficit
   C. Trade bloc
   D. None

2. The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?

   A. Trade surplus
   B. Trade deficit
   C. Trade off
   D. None

3. The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?

   A. Trade Balance
   B. Trade deficit
   C. Trade surplus
   D. None

4. The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?

   A. Specialization
   B. speculation
   C. Fly over
   D. Capital flight

5. All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?

   A. GDP
   B. NNp
   C. NDP
   D. GNP

6. A household’s or firm’s income in the form of goods or services ?

   A. Extra income
   B. Income in kind
   C. Fixed income
   D. None

7. In developed countries manufactured goods are about ________________% of total export?

   A. 60 %
   B. 90 %
   C. 57 %
   D. 82 %

8. The investment of private foreign funds in the economy of a developing nation?

   A. Private foreign investment
   B. Public investment
   C. Both a and b
   D. None of these

9. Increasing a country’s stock of real capital (net investment in fixed essels)__________________?

   A. Capital accumulation
   B. Capital dumping
   C. Capital stock
   D. None

10. The rate of exchange of one nation’s currency for another nation’s currency?

    A. Exchange rate appreciation
    B. Exchange rate depreciation
    C. Exchange rate determinant
    D. None of these