Investment income
Foreign direct investment
Longterm capital flows
Long-term loans
Correct answer is A
The current account on the balance of payments measures the inflow and outflow of goods, services, investment incomes and transfer payments.
Modern international trade is based on the principle of
Absolute cost advantage
Comparative advantage
Terms of trade
Balance of trade
Correct answer is B
Comparative advantage is an economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins.
Infant industries can be described as
Newly established industries
Industries enjoying tax holidays
Industries producing baby products
Newly commercialized industries
Correct answer is A
In economics, an infant industry is a new industry, which in its early stages experiences relative difficulty or is absolutely incapable in competing with established competitors abroad.
Dumping in international occurs when a foreign firm sells
Above its cost of production at home and abroad
Below its cost of production at home and abroad
More goods to a country than the country has need of
Below its cost of production in a foreign market
Correct answer is D
Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market. it means exported goods are sold cheaper in the foreign market than the the exporter's domestic. that means the goods are sold below its cost of production.
Which of the following is not an obligation of a citizen?
payment of taxes
voting in an election
protecting public property
attending religious gathering
Correct answer is D
No explanation has been provided for this answer.