International economic relations test

Study chapter 1.
Choose the correct answer and mark it in the answer card
Question 1. When will the benefit from international trade?
1) When the country has a comparative advantage in the production of the goods;
2) When the world price for the exported product is lower than the domestic price;
3) When the world price and the domestic price of the exported goods are equal;
4) When the exporting country has more natural resources;
5) When the world price of the exported product is higher than the domestic price.

Question 2. The establishment of free trade relations will lead to the fact that Argentina becomes an exporter, and Brazil - an importer. Trade will increase the overall wealth in both countries. Which of the following statements most accurately identifies the populations in both countries that will be in favor of and against free trade?
1) Consumers in both countries are in favor of free trade; producers in Argentina are in favor of free trade, while producers in Brazil are opposed;
2) Consumers in both countries are in favor of free trade; producers in Brazil are in favor of free trade, while producers in Argentina are opposed;
3) Manufacturers in both countries are in favor of free trade; consumers in Argentina are in favor of free trade, while producers in Brazil are opposed;
4) Producers in Argentina and consumers in Brazil are in favor of free trade; consumers in Argentina and producers in Brazil oppose;
5) Producers in Brazil and consumers in Argentina are in favor of free trade; consumers in Brazil and producers in Argentina oppose.
Question 3. Why are industries that compete with imports oppose free foreign trade?
1) They will have to raise world prices for imported goods;
2) They increase sales to those consumers who prefer imported products;
3) They will have to lower production efficiency to stay competitive;
4) They will have to sell their products at lower prices, as competition will intensify;
5) All of the above.
Question 4. What does the "terms of trade" indicator mean?
1) The ratio of imports to exports;
2) The difference between export and import price;
3) The ratio of the export prices of the country in question to its import prices;
4) Introduction of foreign trade restrictions;
5) Indicator of product competitiveness.
Question 5. How is the "terms of trade" indicator calculated?
1) By the level of the country's well-being;
2) For groups of countries based on the world price;
3) Based on the principle of comparative advantage;
4) For individual countries or groups of countries based on price indices for exports and imports;
5) By the level of gains from foreign trade between exporting and importing countries.

Task 2.
Study chapter 1.
Choose the correct answer and mark it in the answer card
Question 1. What indicators do the trading conditions depend on?
1) From changes in production conditions;
2) From fluctuations in demand in the global and domestic markets;
3) On the degree of monopolization of the markets of individual countries;
4) From the ratio of export and import prices;
5) From all of the above.
Question 2. If a country increases its exports in such a way that, as a result of its growth, prices for this product in the world market decrease and gross export revenues decrease, then we are dealing with:
1) Heckscher-Olin theory;
2) The problem of busting growth;
3) The principle of relative superiority;
4) The positive effect of economic growth;
5) Stolper - Samuelson theorem.
Question 3. What does the Heckscher-Ohlin theory allow to do?
1) Provides an opportunity to assess the gain from foreign trade;
2) It makes it possible to assess the consequences of the development of foreign trade for the owners of the same factors of production;
3) It makes it possible to determine the level of world prices for individual goods;
4) Provides an opportunity to assess the consequences of the development of foreign trade for the owners of various factors of production;
5) Provides an opportunity to analyze the impact of external