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