Related Questions

In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?
A A country's trade will always be in balance even though it runs a deficit with a single country.
B A country's trade deficits and surpluses with other countries always balance out.
C A country's global trade balance is a sign of strength or weakness.
D A country's global trade balance is determined by relative demand and productive capabilities.
The total population of 10 countries in the Asian zone is greater than the total population of 11 countries in the European zone. What can we say if one of the countries is dropped from the Asian zone ?
A Total population of the Asian zone will still be greater than the total population of the European zone
B Total population of the European zone will be greater than the total population of the Asian zone
C Total population of both zones will be equal
D We cannot say anything conclusively
The cost of producing rice in country Q is 10 percent less than the cost of producing rice in country Y. Even after transportation fees and tariff charges are added. it is still cheaper for a company to import rice form country Q to country Y than to produce rice in country Y? The statements above , if true , best support which of the following assertions?
A Labor costs in country Q are 10 percent below those in country Y .
B Importing rice from country Q to country Y is less than 10 percent of the cost of manufacturing rice in country Q .
C The fee for transporting rice from country Q to country Y is more than 10 percent of the cost of manufacturing rice in country Q .
D It takes 10 percent less time to manufacture rice in country Q than it does in country Y.
The cost of producing Garment in Country Q is ten percent less than the cost of producing Garment in Country Y, Even after transportation fees and tariff charges are added,it is still cheaper for a company to import Garment from Country Q to Country Y than to produce Garment in Country Y". The statement above, if true, best support which of the following assertions?
A Importing Garment from Country Q to Country Y will eliminate ten percent of new manufacturing jobs in Country Y.
B The tariff on a Garment imported from Country Q to Country Y is less than ten percent of the cost of manufacturing the Garment in Country Y.
C The fee for transporting Garment from Country Q to Country Y is more than ten percent of the cost of manufacturing the Garment in Country Q.
D It takes ten percent less time to manufacture a Garment at Country Q than it dos in Country Y.
Which of the following countries has joined as the 19th EU member country in the club of countries that use the euro currency?
A Lithuania
B Austria
C Spain
D Portugal
Which of the following countries has joined as the 19th EU member country in the club of countries that use the euro currency ?
A Lithuania
B Austria
C Spain
D Portugal
An international convention has a total of d delegates from c countries. If each country is reprented by the same number of delegates, how many delegates does each country have?
A c + d
B cd
C c/d
D d/c
Which countries are NOT included in D-8 countries?
A India, Nepal, Sri Lanka
B Egypt, Indonesia, Iran
C Iran, Malaysia, Pakistan
D Bangladesh, Pakistan, Turkey
Which countries are not included in D -8 Countries?
A India, Nepal, Sri Lanka
B Egypt, Indonesia, Iran
C Banglades, Nigeria, Pakistan
D Bangladesh, Pakistan, Turkey
Out of 171 member countries, how many countries participated in IPU conference held in Dhaka recently.
A 143
B 171
C 135
D None of these

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