International Trade Law: Principles and Disputes - L1 (T/F Quiz)

International Trade Law is mainly concerned with the exchange of capital, goods, and services within a single country?

Which book is mentioned as a relevant textbook for International Trade Law?

What does International Trade refer to?

Is International Trade an insignificant part of gross domestic product (GDP) in most countries?

Is International Trade Law concerned with trade only within a single country?

Should International Trade Law be regulated locally within each country?

International trade accounts for about 30% of the world GDP. Is this statement true?

The exchange of goods or services along international borders allows for greater competition and more competitive pricing in the market. Is this statement true?

According to 'Global Policy Forum', by 2030, 60% of the world economy will be exchanged internationally. Is this statement true?

Every country is now a member of at least one international trade agreement. Is this statement true?

Countries need goods and services to satisfy the wants of their people. Is this statement true?

Every country can produce all the goods and services that it requires. Is this statement true?

Generally, every country is self-sufficient. Is this statement false?

A good knowledge of International Economics is not vital for any economist. Is this statement false?

A good economic policy regarding international relations may not be more beneficial than any policy arranging domestic economic issues of a country. Is this statement false?

No country can produce all the goods and services it requires. Is this statement true?