Business Environment and International Business MCQ Questions and Solutions with Explanations | Commerce
Business Environment and International Business MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Business Environment and International Business MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-1 section-7
Each section contains 100 MCQs on
Business Environment and International Business .
According to which theory, one country may be more efficient in producing a particular goods than another country and that another country may be capable of producing some other goods more efficiently than the first one?
Which of the following are the main benefits of international trade?
(1) Specialization benefits world trade as it enables different nations with differings kills and resources to gain the rewards from the division of labour.
(2) There is potential gain of economies of scale when there is good size of market.
(3) Competition is fostered by free trade.
(4) Lower prices are greater choices to consumers.
