Imports & Exports, Balance of Payments


#1. The term "Dumping" in trade refers to:

#2. The Capital Account in the Balance of Payments includes transactions related to:

#3. Which type of exchange rate system is based on the supply and demand for currencies in the foreign exchange market?

#4. What is the role of a customs duty in international trade?

#5. How does an increase in foreign exchange reserves impact the Balance of Payments?

#6. In the context of trade, what is a "Trade Barrier"?

#7. What is a trade deficit?

#8. If a country experiences a deficit in the Financial Account, it means:

#9. Which of the following is an example of an import barrier?

#10. 6. What is the primary purpose of trade agreements?

#11. Which term is used to describe the situation when a country exports more than it imports?

#12. What does the Financial Account in the Balance of Payments track?

#13. What is the purpose of a trade embargo?

#14. The term "Balance of Payments" includes:

#15. Which of the following transactions is considered a credit in the Current Account?

#16. A deficit in the Current Account can be offset by a surplus in the:

#17. Which organization facilitates negotiations and dispute resolution in international trade?

#18. A trade surplus occurs when:

#19. Which of the following is an example of an export subsidy?

#20. What is the role of the International Monetary Fund (IMF) in trade?