Course: «International Trade and World Goods Markets»
Code: 1102
[q] 2:1: The global economy, generally refers to the economy, which:
[a] is based on economies of all of the world's countries, national economies
[a] is based on economies of developed countries
[a] is based on economies of developing countries
[a] is based on economies of the third world countries
[a] is based on economies of developing and developed countries
[a] is not based on economies of all the world’s countries, national economies
[q] 2:1: With the opening up of the economy the industrial sector:
[a] has benefited with the attainment of cheap labor, capital and technology
[a] has benefited with the attainment of expensive labor, capital and technology
[a] has benefited with the attainment of cheap labor and technology
[a] has benefited with the attainment of cheap labor and capital
[a] has benefited with the attainment capital and technology
[q] 1:1: International trade studies:
[a] goods-and-services flows across international boundaries
[a] goods-and-services flows across national boundaries
[a] studies the flow of capital across international financial markets
[a] studies money and macro flow across countries.
[a] studies money and macro flow within one country.
[q] 1:1: Mercantilism is a theory that states:
[a] nations should accumulate financial wealth through exports and discouraging imports.
[a] nations should accumulate financial wealth through exports and encouraging imports.
[a] nations should accumulate financial wealth through imports.
[a] nations should accumulate financial wealth through exports and imports.
[a] nations should accumulate financial wealth through imports and discouraging exports.
[q] 2:1: The absolute advantage theory is:
[a] the ability of a nation to produce a product more efficiently than any other nation using the same amount or fewer resources
[a] the ability of a nation to produce a product less efficiently than any other nation using the same amount or fewer resources
[a] the ability of a nation to produce a product more efficiently than any other nation using more
resources
[a] the ability of a nation to accumulate financial wealth through exports and encouraging imports.
[a] the ability of a nation to accumulate financial wealth through exports and discouraging imports
[q] 3:1: Most trade barriers work on the same principle:
[a] the imposition of some sort of cost on trade that raises the price of the traded products.
[a] the elimination of some sort of cost on trade that decreases the price of the traded products.
[a] the imposition of some sort of cost on trade that raises the amount of the traded products.
[a] the imposition of some sort of cost on trade that decreases the amount of the traded products.
[a] the imposition of some sort of cost on trade that the price of the traded products stay constant
[q] 3:1: A negative aspect of trade barriers is that it would cause:
[a] a limited choice of products
[a] an unlimited choice of products
[a] customers to pay lower prices
[a] customers to buy products abroad
[a] a limited choice of some products
[q] 1:1: Tariffs are a fairly common form of:
[a] trade barriers
[a] trade liberalization
[a] democracy
[a] trade
[a] integration
[q] 2:1: Embargoes basically:
[a] prohibit the import or export of anything with another country
[a] encourage the import or export of anything with another country
[a] increase prices of imported products
[a] decrease the price level in a market
[a] increase demand
[q] 3:1: The impact of international trade on development is examined in terms of:
[a] the effects on growth, income distribution, poverty, and employment
[a] the effects on growth, income distribution, poverty
[a] the effects on growth, income distribution
[a] the effects on growth
[a] the effects on income distribution
[q] 3:1: It is an organization which aims to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees and risk management products:
[a]International Bank for Reconstruction and Development
[a]International Development Association
[a]International Finance Corporation
[a]Multilateral Investment Guarantee Agency
[a]International Centre for Settlement of Investment Disputes
[q] 3:1: This organization provides interest-free loans and grants to governments of the poorest countries which suffer from the lowest gross national income, from troubled creditworthiness, or from the lowest per capita income:
[a]International Centre for Settlement of Investment Disputes
[a]Multilateral Investment Guarantee Agency
[a]International Finance Corporation
[a]International Bank for Reconstruction and Development
[a]International Development Association
[q] 3:1: One of the WBG’s organizations that promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve people's lives:
[a]International Finance Corporation
[a]Multilateral Investment Guarantee Agency
[a]International Development Association
[a]International Centre for Settlement of Investment Disputes
[a]International Bank for Reconstruction and Development
[q] 3:1: Its mission is to promote foreign direct investment into developing countries to help support economic growth, reduce poverty, and improve people's lives:
[a]International Centre for Settlement of Investment Disputes
[a]International Finance Corporation
[a]International Bank for Reconstruction and Development
[a]Multilateral Investment Guarantee Agency
[a]International Development Association
[q] 3:1: It is an autonomous international institution established under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States with over one hundred and forty member States:
[a]International Finance Corporation
[a]International Centre for Settlement of Investment Disputes
[a]International Bank for Reconstruction and Development
[a]International Development Association
[a]Multilateral Investment Guarantee Agency
[q] 2:1: D. Ricardo explains his comparative advantage theory with the help of the following assumptions, except:
[a]there is a perfect competition both in commodity and factor market
[a]there are two countries and two commodities
[a]cost of production is expressed in terms of labour, and value of a commodity is measured in terms of labour hours/days required to produce it
[a]labour is perfectly immobile within a country but perfectly mobile between countries
[a]full employment exists in both countries.
[q] 2:1: The statement that each country exports the good that makes intensive use of the resource that is abundant in that country explains:
[a]comparative advantage theory
[a]absolute advantage theory
[a]factor price equalization theory
[a]Rybczynski theorem
[a]Heckscher-Ohlin Theorem
[q] 2:1: According to Heckscher-Ohlin Theorem, in autarky model:
[a]the wage-rent ratio falls in the labor-scarce country and rises in the labor abundant country
[a]the relative prices equal everywhere
[a]the labor-intensive good is relatively cheaper in the labor-abundant country
[a]the labor-intensive good becomes more expensive in the labor-abundant country
[a]the labor-intensive good becomes less expensive in the labor-scarce country
[q] 2:1: The WTO’s overriding objective includes the following aspects, except:
[a]reviewing national trade policies
[a]acting as a forum for trade negotiations
[a]settling trade disputes
[a]inability to cooperate with other international organizations
[a]administering trade agreements
[q] 2:1: The WTO trading system does not suppose that:
[a]it provides more choice of products and qualities
[a]governments are shielded from lobbying
[a]trade stimulates economic growth
[a]trade decreases incomes
[a]the system encourages good government
[q] 3:1: It is a regime, according to which foreign goods are placed and used in relevant territorial borders or premises without withholding of customs duties, taxes and non-tariff payments:
[a]goods processed under customs control
[a]customs warehouse
[a]goods processed in customs territory
[a]free customs zone
[a]duty-free shop
[q] 2:1: This regime is applied for goods imported in the customs territory of the RK
free of customs duties taxes and other payments; and sold under customs control in
airports, harbors, frontier junctions, airplanes with the condition that these goods
would be transported outside of the RK:
[a]duty-free shop
[a]goods processed in customs territory
[a]free customs zone
[a]customs warehouse
[a]free warehouse
[q] 2:1: It is a union of twenty-seven independent states based on the European Communities and founded to enhance political, economic and social cooperation:
[a]ASEAN
[a]CIS
[a]EU
[a]NAFTA
[a]CU
[q] 2:1: It is the treaty between Mexico, the US, and Canada that begins to establish them as a unified trading block for the rest of the world. It makes some forms of cross-border trade between the three countries easier but, despite its name, it does not remove tariffs on their trading items:
[a]NAFTA
[a]CU
[a]ASEAN
[a]CIS
[a]EU
[q] 2:1: It is imposed both on the supplies of goods or services, and on the importation of goods or services, and it is levied at a 12 percent rate of the taxable amount for domestic and import transactions, and at zero percent rate for exported supplies:
[a]value added tax
[a]excise duty
[a]corporate income tax
[a]personal income tax
[a]payroll tax
[q] 2:1: It is imposed on taxable items produced in, or imported into, Kazakhstan as well as on certain types of activities. It is also imposed on alcohol and tobacco products, motor fuels, diesel, motor vehicles, salmon and sturgeon roe, firearms, crude oil and jewelry, gambling businesses and lotteries:
[a]payroll tax
[a]corporate income tax
[a]value added tax
[a]personal income tax
[a]excise duty
[q] 2:1: This is a regional organization whose participating countries are former Soviet Republics, formed during the breakup of the Soviet Union:
[a]Customs Union
[a]Association of Southeast Asian Nations
[a]North American Free Trade Agreement
[a]European Union
[a]Commonwealth of Independent States
[q] 2:1: It is a type of trade bloc which is composed of a free trade area with a common external tariff:
[a]North American Free Trade Agreement
[a]Customs Union
[a]European Union
[a]Commonwealth of Independent States
[a]Association of Southeast Asian Nations
[q] 2:1: This regime is for imported goods consumed or permanently remaining in the customs territory of the RK. It is applied after the goods pass customs procedures such as registration, taxation and other payments, currency control:
[a]customs warehouse
[a]free customs zone
[a]goods released for free circulation
[a]transit of goods
[a]free warehouse
[q] 2:1: Regime is applied when goods are destroyed under customs control without any duties and payments:
[a]rejection in favor of state
[a]transit of goods
[a]free warehouse
[a]customs warehouse
[a] destruction of goods
[q] 1:1: Advantage of global economy is:
[a] increasing economies of scale
[a]emission of greenhouse gases
[a]loss of domestic jobs
[a]displacement of labor in the developed countries
[a]formulate regulations and legislations
[q] 1:1: In 1817 David Ricardo published his:
[a] Principles of political economy and taxation
[a]Macroeconomic book
[a]Digital economy
[a]Capitalism and freedom
[a]The basis of economy
[q] 1:1: It was developed by Swedish economist Eli Heckcher and his student Bertil Ohlin:
[a] the factor endowment theory
[a]absolute advantage theory
[a]comparative advantage theory
[a]the factor proportions theory
[a] labor theory of value
[q] 1:1: Licensing of foreign trade is closely related to quantitative restrictions:
[a] quotas
[a] labor
[a] standard
[a] rules
[a] subsidy
[q] 1:1: The World Trade Organization`s headquarter located in:
[a] Geneva
[a]Paris
[a]Tokyo
[a]Moscow
[a]New-York
[q] 1:1: Kazakhstan TNC is:
[a] Samruk Kazyna
[a]Gazprom
[a]The Coca-Cola Company
[a]Citigroup
[a]Bosch
[q] 2:1: According to Rybczynski Theorem, the supply of capital-intensive good (cloth) rises more than 10%, while the supply of labour-intensive:
[a] good falls
[a]good rises
[a] good pickup
[a] good wave
[a] good step
[q] 2:1: International trade in services is defined by the Four Modes of Supply of the General Agreement on Trade in Services. Mode 2 called:
[a] consumption abroad
[a] cross border trade
[a] commercial presence
[a] presence of natural persons
[a]domestic trade
[q] 1:1: It is a corporation that is registered in more than one country or that has operations in more than one country:
[a] a multinational corporation
[a] an international corporation
[a] a transnational corporation
[a]a foreign firm
[a]a private institution
[q] 1:1: Custom Union of Belarus, Kazakhstan and Russia came into existence on:
[a] January 1, 2010
[a] January 1, 2011
[a] January 1, 2009
[a] January 1, 2008
[a] January 1, 2007
[q] 1:1: Countries should trade:
[a] To help them thrive
[a] To increase output
[a] To decrease output
[a] To keep them busy
[a] To pay taxes
[q] 1:1: Trade is advantage if the following situation is:
[a] Two countries produce the same goods for the same costs
[a] Two countries produce different goods for different costs
[a] Two countries produce different foods for different costs
[a] Two countries are isolated
[a] Two countries have the same markets
[q] 2:1: One producer can create a given amount of output with fewer inputs, it is:
[a] Comparative advantage
[a] Comparative disadvantage
[a] Absolute advantage
[a] Absolute disadvantage
[a] Opportunity cost
[q] 1:1: This term applies when one option is chosen from among several possibilities:
[a] Comparative advantage
[a] Lost possibilities
[a] Absolute advantage
[a] Absolute disadvantage
[a] Opportunity cost
[q] 1:1: If there are two producers and two products, the following cannot happen:
[a] A producer has an a absolute advantage on one product
[a] A producer has an a comparative advantage on both products
[a] A producer has an a comparative advantage on one product
[a] A producer has an a comparative advantage on both products
[a] A producer has an a absolute advantage on both products
[q] 1:1: It is increase when the real exchange rate falls:
[a] Cost of living
[a] Imports
[a] Exports
[a] Standard of living
[a] VAT
[q] 1:1:The government places limits on the number of a given good that can be imported, are:
[a] Subsidies
[a] Taxes
[a] Quotas
[a] Tariffs
[a] Default
[q] 1:1: The government places taxes on imported goods, it is called:
[a] Subsidies
[a] Taxes
[a] Quotas
[a] Tariffs
[a] Default
[q] 2:1: When exports exceed imports it can develop:
[a] Trade deficit
[a]Trade surplus
[a] Barrier to trade
[a] Tariff
[a] Quotas
[q] 1:1: This regions are included by economic partnership agreements:
[a] African, Caribbean, Pacific.
[a] African, Asian, European.
[a] Asian, North American
[a] south American, European
[a] all regions are included
[q] 1:1: It is not Pacific countries priority:
[a] Fisheries
[a] Tourism
[a] Investment
[a] Services mode 3
[a] Services-mode 4
[q] 1:1: Incorrect conclusion you can make about EPA is:
[a] EPA has no benefits in trade relations
[a] The difference in levels of development between the EU and ACP countries is huge
[a] Even if accomodating current concerns it will be hard to accommodate future concerns
[a] The real interest of the EU is to completely open up the ACP markets
[a] There are alternatives to EPAs
[q] 1:1: It is not one of four decent work pillars of EPA:
[a] Protection of property rights
[a] Labour standards.
[a] Productive employment
[a] Social protection
[a] Social dialogue
[q] 1:1: Disadvantage of global economy:
[a] emission of greenhouse gases
[a] loss of domestic jobs
[a] displacement of labor in the developed countries
[a] formulate regulations and legislations
[a] all answers are correct
[q] 1:1: Advantage of global economy:
[a] emission of greenhouse gases
[a] loss of domestic jobs
[a] displacement of labor in the developed countries
[a] formulate regulations and legislations
[a] cheap labor, capital and technology
[q] 1:1: It is not part of international trade:
[a] cultural traditions
[a] goods-and-services
[a] economic integration
[a] international factor movements
[a] tariff rates and trade quotas
[q] 2:1: It is not one of important reasons of international trade:
[a] Development of nature
[a] exchange of goods and services
[a] use resources - more efficiently
[a] participate in a global economy
[a] foreign direct investment (FDI)
[q] 1:1: It is not kind of prevention to economic chaos:
[a] countries with stabilised economical system
[a] Global powers set up bodies to support international trade
[a] International Monetary Fund
[a] World Bank
[a] All countries encouraged to join these organisations, or face exclusion from benefits of free world trade
[q] 1:1: It is not one of modes of international trade in services:
[a] Cross border trade
[a] Presence of product
[a] Consumption abroad
[a] Commercial presence
[a] Presence of natural persons
[q]:1:1 Advantage of GE:
[a]emission of greenhouse gases
[a]loss of domestic jobs
[a]displacement of labor in the developed countries
[a]cheap labor, capital and technology
[a]formulate regulations and legislations
[q]:1:1It is a theory that states that nations should accumulate financial wealth through exports and discouraging imports:
[a]Mercantilism
[a]absolute advantage
[a]Comparative advantage
[a] factor proportions theory
[a]latest theory
[q] 1:1: In this theory the country in question may not be able to produce the good more efficiently than any other country but can produce the good more efficiently than any other good within its own country:
[a]Mercantilism
[a]absolute advantage
[a]Comparative advantage
[a]factor proportions theory
[a]latest theory
[q] 1:1: In this theory International trade increases the demand for abundant factors and decreases the demand for scarce factors:
[a]Factor Price Equalization Theorem
[a]Stolper-Samuelson Theorem
[a]Rybczynski Theorem
[a]Factor Endowments theory
[a]Heckscher-Ohlin theorem
[q] 2:1: The Effective Rate of Protection:
[a]ERP = (V’+ V) / V
[a]ERP = (V’- V) / V
[a]ERP = (V’- V) * V’
[a]ERP = V / (V’- V)
[a]ERP = Vaint / (tf + ti)
[q]1:1:It is a tax on an imported good:
[a]duty
[a]tariff
[a]quota
[a]subsidies
[a]embargo
[q]2:1: Theorem states that at constant prices, an increase in one factor endowment will increase by a greater proportion the output of the good intensive in that factor and will reduce the output of the other good:
[a]Factor Price Equalization Theorem
[a]Stolper-Samuelson Theorem
[a]Rybczynski Theorem
[a]Factor Endowments theory
[a]Heckscher-Ohlin theorem
[q]1:1: Specify advantages of global economy:
[a] With the opening up of the economy the industrial sector has benefited with the attainment of cheap labor, capital and technology.
[a] The global economy has also resulted in the loss of domestic jobs.
[a] the displacement of labor in the developed countries
[a] it is difficult to formulate regulations and legislations that are undifferentiated across the globe.
[a] led to the emission of greenhouse gases
[q]1:1: Trade barriers divide into the following forms:
[a] Tariffs and Non-tariffs
[a] comparative advantage
[a] economic, administrative
[a] first level, second level
[a] state, private
[q]1:1: Allocate non-tariff barriers:
[a] Embargo, Subsidies
[a] Subsidies, tax
[a] taxes, duties
[a] license and taxes
[a] license, tax
[q]1:1: Structural barriers to foreign investment in Kazakhstan include:
[a] unmanageable government bureaucracy, a weak business law system and ineffective judicial systems
[a] Export license
[a] tough customs regimes
[a] nationalization of large enterprises
[a] lack of privileges for investors
[q]2:1: It is an organization that intends to supervise and liberalize international trade:
[a] WTO
[a]GAAT
[a]OBSE
[a]OPEC
[a]ASEAN
[q]2:1: Advantage in production of certain goods and services which one country possesses in the relation to all or the majority of other countries thanks to features of climate, education, labor skills of the population and other special factors of production:
[a] Absolute advantage
[a] Comparative advantage
[a]total advantage
[a]export advantage
[a]import advantage
[q]1:1: The international movement of capital include:
[a] portfolio investment and direct investment
[a] money and fixed capital
[a] private and state investments
[a] straight lines and bank investments
[a] investment and labor power
[q]1:1: Multinational corporations operating in the Karaganda:
[a] ArcelorMittal, Kazakhmys
[a]Nestle, HGP
[a]Toyota
[a]British oil, Opel
[a] Apple, Siemens
[q]2:1: It is concept for a spectrum of different economic draughts which connect monetary-political as well as commercial-theoretical and balance of payments-theoretical, but also finance-economic attempts:
[a] mercantilist view
[a] protectionism
[a] free trade
[a] Adam Smith's theory
[a] excess production concept
[q]2:1: The first multilateral trade negotiation launched is:
[a] The Doha Development Agenda
[a] Trade Agreement
[a] The Economic Partnership Agreements
[a] Versailles agreement
[a] Lisbon agreement
[q] 1:1: Re-export is:
[a] return of the goods to the territory, from where it was exported
[a] goods transfer to the third party
[a] special customs mode
[a] dumping
[a] franchising
[q] 1:1: Main function of the market is:
[a] to buy
[a] to regulate
[a] to form the prices
[a] to sell
[a] to protect
[q] 3:1: Cumulative demand in macro economy is:
[a] demand of all macroeconomic subjects of economy
[a] demand of households and pure export
[a] public expenditures
[a] investment demand of the enterprises
[a] public expenditures and pure export
[q] 3:1: In your opinion the correct definition of concept "the economic system" is:
[a] it is a way of management
[a] in a special way ordered communication between producers of the material and non-material benefits and services
[a] it is a way of production
[a] set of the interconnected economic elements forming a certain integrity
[a] relations of production.
[q] 1:1: Аauthor of the theory of comparative advantages is:
[a] D. Ricardo
[a] B. Olin
[a] A.Smith
[a] Kheksher
[a] Marshall
[q] 3:1: The Employment website represents:
[a] establishment for the accounting of the unemployed
[a] special establishment which is carrying out legislative functions on a labor market
[a] establishment where work is on sale
[a] establishment where buy labor
[a] establishment which carries out mediatorial functions among a manpower
[q] 1:1: Technological leader country is:
[a] Norway
[a] Russia
[a] Kazakhstan
[a] Czech Republic
[a] Japan
[q] 2:1: The largest volume of investments in Kazakhstan put in:
[a] industry
[a] transport
[a] tourism
[a] trade
[a] services
[q] 3:1: Represent zones with the special legal and economic status, creating favorable conditions for attraction of foreign investments on the basis of a number of privileges:
[a] venture zones
[a] territorial region
[a] free economic areas
[a] branch zones
[a] industrial platforms
[q] 3:1: Foreign trade privileges:
[a] They provide introduction of the special customs and tariff mode (decrease or cancellation of export-import duties) and the simplified procedure of the foreign trade operations.
[a] It contains the norms connected with the tax stimulation of concrete kinds of activity or behavior businessmen.
[a] They are provided in the form of lower prices for utilities, decrease in a rent for using the land lots and production rooms, soft loans, etc.
[a] They are provided by zone administration for the purpose of simplification of procedures of registration of the enterprises and a mode of entrance departure of foreign citizens, and also rendering of various services.
[a] The preferential mode applied to a certain type of business activity irrespective of location of the relevant firm in the country.
[q] 1:1: Early theories of international trade are:
[a] Mercantilism, absolute advantage, comparative advantage
[a] Mercantilism, absolute advantage, Heckscher-Ohlin theory
[a] Heckscher-Ohlin theory, absolute advantage, comparative advantage
[a] Financial assets, international finance, mercantilism
[a] Macroeconomics, international monetary, mercantilism
[q] 1:1: The latest theory of international trade is:
[a] Absolute advantage
[a] Comparative advantage
[a] Mercantilism
[a] National competitive advantage
[a] Competitive advantage
[q] 1:1: In comparison with Kazakhstan Japan has an absolute advantage in production of:
[a] Electronics
[a] Raw materials
[a] Clothing
[a] Animal husbandry
[a] Agricultural products
[q] 2:1: Intervention of a state to international trade is:
[a] Embargo
[a] Custom restrictions
[a] Autarky
[a] Partial equilibrium
[a] Ricardian restriction
[q] 1:1: It is not trade barrier:
[a] Tariffs
[a] Subsidies
[a] Embargo
[a] Export licenses
[a] Economic efficiency
[q] 1:1: The largest landlocked country in the world that doesn’t have an access to seas:
[a] Kazakhstan
[a] Mongolia
[a] Turkey
[a] Russia
[a] Ukraine
[q] 2:1: The last country accepted to WTO in 2012:
[a] Russia
[a] Kazakhstan
[a] Belarus
[a] Ukraine
[a] Uzbekistan
[q] 1:1: According to Adam Smith, trade between nations is based on:
[a] Absolute advantage
[a] Comparative advantage
[a] Competitive advantage
[a] Macroeconomics
[a] International trade
[q] 2:1: Members of NAFTA:
[a] USA, Canada, Denmark
[a] USA, Canada, Russia
[a] USA, Canada, Mexico
[a] USA, Canada, Brazil
[a] USA, Canada, Cuba
[q] 1:1: INCOTERMS 2010 includes:
[a] 10 clauses
[a] 5 clauses
[a] 11 clauses
[a] 4 clauses
[a] 3 clauses
[q] 1:1: INCOTERMS 2010 consists of:
[a] 2 groups
[a] 3 groups
[a] 4 groups
[a] 5 groups
[a] 6 groups
[q] 3:1: The buyer bears all costs and risks involved in taking the goods from the seller's premises to the desired destination is Incoterms:
[a] DPP
[a] FOB
[a] EXW
[a] CPT
[a] CFR
[q] 3:1: The seller (maximum obligation) agrees to pay all costs and risks, including customs clearance fees and payment of import duties, up to the named place of destination is Incoterms:
[a] DPP
[a] FOB
[a] DDP
[a] CPT
[a] CFR
[q] 3:1: It is a type of delivery term - used for big deliveries where the purchasing party prefers sequential or partial deliveries (carried out regularly or irregularly):
[a] Prompt term
[a] More closely specified term
[a] Succesive term
[a] Reference term
[a] Fixed delivery term
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