International trade
  • 1. What is international trade?
A) Exchange of goods and services between countries
B) Domestic trade within a country
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 subsidy for exporting companies
C) A restriction on the quantity of goods imported
D) A tax on imported goods
  • 3. Which organization regulates international trade rules?
A) World Trade Organization (WTO)
B) International Monetary Fund (IMF)
C) United Nations (UN)
D) European Union (EU)
  • 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) China
B) United States
C) Japan
D) Germany
  • 6. What is the balance of trade?
A) The process of negotiating trade agreements
B) The difference between a country's exports and imports
C) The total value of goods traded internationally
D) The tax imposed on imports
  • 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) Setting rules for global trade and resolving disputes between countries
B) Providing financial aid to developing countries
C) Promoting a single global currency
D) Facilitating immigration policies
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