International Trade Practive

International Trade Practive

Assessment

Flashcard

Financial Education

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

When a country imports more than it exports.

Back

Trade deficit

2.

FLASHCARD QUESTION

Front

We can also call a trade surplus a

Back

positive balance of trade

3.

FLASHCARD QUESTION

Front

A good sent to another country for sale is called a what?

Back

export

4.

FLASHCARD QUESTION

Front

Which of these is not a trade bloc? EU, ASEAN, WTO, NAFTA

Back

NAFTA

5.

FLASHCARD QUESTION

Front

We could consider an exchange rate that it pegged to the US dollar to be

Back

Fixed

6.

FLASHCARD QUESTION

Front

If the Mexican peso appreciates against the Chinese yuan, who will benefit?

Back

Mexican exporters

7.

FLASHCARD QUESTION

Front

An exchange rate is used to determine

Back

value of one currency in relation to another currency

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