International Trade Quiz

Froggy Jumps

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Hard questions on global trade.

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Ychant Zen

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International Trade Quiz


Froggy Jumps International Trade QuizVersión en línea Hard questions on global trade. por Ychant Zen 1 What is international trade? a Buying and selling goods within a community b Exchange of goods and services between countries c Selling products only in local markets 2 Terms of trade improve when export prices rise relative to import prices. True or false? a True b False c Depends on exchange rates 3 What is an export? a A product sold to another country b A product made for personal use c A product sold only within a city 4 What is an import? a A product sold to another country b A product produced locally c A product purchased from another country 5 Which of the following is an example of international trade? a A student buying food from the school canteen b A Philippine company selling bananas to Japan c A store selling products within its town 6 Which organization promotes international trade rules among countries? a World Health Organization (WHO) b United Nations Children's Fund (UNICEF) c World Trade Organization (WTO) 7 What is a trade surplus? a When imports are greater than exports b All trade is balanced automatically c When exports are greater than imports 8 Which of the following can be a benefit of international trade? a Greater variety of products for consumers b Complete elimination of competition c Managed/fixed exchange rate with adjustments 9 The infant industry argument supports protection for new industries until they become competitive. True or false? a True b Only for services c False 10 Which factor can influence international trade? a Trade diversion b Exchange rates c No impact on welfare

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International Trade Quiz

Froggy Jumps

Sobre esta actividad

Creada por

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International Trade QuizVersión en línea

por Ychant Zen

What is international trade?

Terms of trade improve when export prices rise relative to import prices. True or false?

What is an export?

What is an import?

Which of the following is an example of international trade?

Which organization promotes international trade rules among countries?

What is a trade surplus?

Which of the following can be a benefit of international trade?

The infant industry argument supports protection for new industries until they become competitive. True or false?

Which factor can influence international trade?