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