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