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International Trade-Key terms

International Trade-Key terms

Assessment

Presentation

Social Studies

9th Grade

Practice Problem

Easy

Created by

Meeranath Premjith

Used 2+ times

FREE Resource

1 Slide • 24 Questions

1

International Trade-Key terms

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2

Multiple Select

Trade between countries

1

Internal Trade

2

International trade

3

Multiple Select

Bilateral trade means

1

Trade between 2 countries

2

Trade between many countries

4

Multiple Select

Multilateral Trade means

1

Trade with in the countries

2

Trade Involve three or more countries

5

Open Ended

What is the difference between bilateral and mutilateral trade

6

Multiple Select

What are the theories of international trade

1

Absolute

2

factorenowment

7

Open Ended

Define factor endowments

8

Poll

countries follow dumping to

to get rid of their surplus

to earn profit

9

Multiple Select

Balance of payment will turn to -------when value of exports are greater than value of imports

1

Deficit

2

Surplus

10

Open Ended

Define infant industries

11

Open Ended

Define protectionism

12

Poll

---------an industry that a government considers to be very important for the country's economy or safety

Infant industry

Strategic industy

13

Open Ended

Identify 3 reasons for protectionism

14

Open Ended

Define tariff

15

Open Ended

Identify the traditional non-tariff methods of Protectionism

16

Open Ended

Identify the Modern non- tariff methods of protectionism

17

Poll

Subsidy will directly decrease the amount of imports

True

False

18

Multiple Select

Advalorem tariff

1

value of imports

2

Volume of imports

19

Multiple Select

Physical limit on imports

1

Quota

2

Embargo

20

Multiple Select

self-imposed by restriction by the exporting country

1

Voluntary export restrain

2

Product standard regulation

21

Multiple Select

Identify the modernNon tariff method of protectionism

1

Subsidy

2

Campaigning

22

Open Ended

How to exchange control is used to restrict international trade

23

Open Ended

Define specialization

24

Multiple Select

Decrease in the AC due to large scale production

1

Economies of scale

2

Diseconomies of scale

25

Poll

Free trade promotes friendship and cooperation

Yes

No

International Trade-Key terms

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