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