International trade
  • 1. What is international trade?
A) Trade conducted online
B) Exchange of goods and services between countries
C) Trade between companies in the same country
D) Domestic trade within a country
  • 2. What is a tariff?
A) A tax on imported goods
B) A restriction on the quantity of goods imported
C) A subsidy for exporting companies
D) An agreement to increase trade
  • 3. Which organization regulates international trade rules?
A) European Union (EU)
B) International Monetary Fund (IMF)
C) United Nations (UN)
D) World Trade Organization (WTO)
  • 4. What is a free trade agreement?
A) An agreement to reduce or eliminate trade barriers
B) An agreement to control currency exchange rates
C) An agreement to impose tariffs on all imports
D) An agreement to restrict all exports
  • 5. Which country is the world's largest exporter?
A) Japan
B) China
C) United States
D) Germany
  • 6. What is the balance of trade?
A) The total value of goods traded internationally
B) The difference between a country's exports and imports
C) The process of negotiating trade agreements
D) The tax imposed on imports
  • 7. What is the main goal of protectionist trade policies?
A) To lower prices for consumers
B) To protect domestic industries from foreign competition
C) To promote free trade
D) To increase imports
  • 8. What is the World Trade Organization (WTO) responsible for?
A) Facilitating immigration policies
B) Providing financial aid to developing countries
C) Setting rules for global trade and resolving disputes between countries
D) Promoting a single global currency
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