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International Economics Practice Test
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International economics covers the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them.
International economics plays a crucial role in understanding and shaping the global economy. It helps explain the benefits and challenges of international trade, the effects of globalization on different economies, and the impact of economic policies on domestic and foreign markets.

International Economics Practice Test
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25 Questions

1. Under fixed exchange rate, which one of the following statements is the most accurate?
2. Which among the following is NOT a measure to correct the balance of payment disequilibrium?
3. In a floating exchange rate system:
4. Which of the following exchange rate policies uses a target exchange rate, but allows the target to change?
5. The paradox that Growth can make a country worse off is termed as
6. To financelarge U.S. federal Budget deficits, the Federal Reserve increases the money supply. This leads to a surplus of dollars world wide. What happens to the U.S. dollar and trade?
7. The Federal Reserve raises interestrates. What happens in the foreign Exchange market?
8. What are 'Eurobanks'?
9. When a commodity is produced with low K/L ratio that commodity is ______ intensive commodity
10. Which one of the following statements is the most accurate?
11. Which of the following is NOT true about the gold standard?
12. Reducing a current account surplus requires a country to:
13. Which of the following statement is true
14. When was the International Monetary Fund (IMF) set up?
15. If the value of the pound in other currencies is strong, then other things being equal:
16. Which one of the following statements is the most accurate?
17. Which of the following is classified as a credit in the U.S. balance of payments?
18. Perfect international capital mobility suggests that international funds will be responsive to _____________ differentials
19. The Absolute advantage theory indicates that a country should engage in the production and exchange of those commodities where it has
20. A common or single market will have all of the following features except:
21. In a free trade world in which no restrictions exist, international trade will lead to:
22. Concerning a country’s business cycle, rapid growth of production and employment is commonly associated with:
23. Which of the following is true regarding the capital market development since the 1970s?
24. If an American receives dividends from the shares of stock she or he owns in Toyota, Inc., a Japanese firm, the transaction would be recorded on the U.S. balance of payments as a:
25. The analysis method used in Leontief’s study

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