Report to the Nation No.21. National Quiz Test

387 REPORT TO THE NATION No. 21 National Quiz Test HOW OFTEN ARE YOU STUMPED? You have a pretty fair grasp of how Britain stands if you can score 7 out of 11 correct answers. 9 or above is "Excellent." 1 Last year our three most valuable exports were: A Machinery ⁏ D China and Pottery ⁏ B Coal ⁏ E Whisky ⁏ C Textiles ⁏ F Vehicles ⁏ 2 What proportion of our imports were paid for last year by exports of goods? A A third ⁏ C Seven-tenths ⁏ B All of them ⁏ D Half ⁏ 3 What are the terms of trade? A The periods in which trade is transacted in the City markets ⁏ B The contents of a commercial dictionary ⁏ C The relation between the prices other countries ask for their goods and what they will pay for ours ⁏ 4 Our main export to Canada, where so much of our food comes from, is: A Whisky ⁏ C Motor Cars ⁏ B Woollen goods ⁏ D Jams and Biscuits ⁏ 5 Three main reasons for the gap in our balance of overseas payments are: A Falling off in production compared with pre-war ⁏ B Inability to export as much as before ⁏ C Loss of investments abroad owing to the war ⁏ D Importing more than pre-war ⁏ E Paying higher prices for imports ⁏ F War-time losses such as ships sunk ⁏ 6 What is a hard currency? A Money made of metal ⁏ B The money of any country from which we receive more imports than we can afford to buy ⁏ C Currency of any country outside the British Empire ⁏ 7 Invisible exports are: A Glassware and nylons ⁏ B Services we perform for other countries such as shipping and insurance ⁏ C Goods smuggled in or out of a country to evade payment of duties ⁏ 8 How much of the food we eat is imported? A About half ⁏ C One-tenth ⁏ B Over three-quarters ⁏ D Nearly a quarter ⁏ 9 What do we mean by "closing the gap"? A Patching our old clothes to save buying new ⁏ B Earning more by exporting more—enough to pay for our imports ⁏ C Paying more taxes ⁏ 10 The Marshall Plan is officially referred to as: A E.