International Trade Quiz - BTS CI

QUIZ

Knowledge test in English

Multiple Select

1. Tick all the possible jobs that a training course of International Trade can offer you.

• international negociator

• engineer

• logistics / supply chain manager

• import/ export assistant

• marketing analyst

Multiple Choice

2. How much is the average salary of a beginner employee in International Trade?

• the minimum wage

• between 15,000 and 19,000€ per year

• between 19,000 and 27,000€ per year

Multiple Choice

3. Trade between two or more than two countries is known as ...

• Internal business

• External trade

• International trade

• Unilateral trade

Multiple Choice

4. … is a group of countries that agree to abolish all trade restrictions and barriers.

• Common market

• Economic union

• Custom union

• Free Trade Area

Multiple Choice

5. Why should countries trade?

• to help them thrive

• to increase output

• to decrease output

• to make them busy

Multiple Choice

6. … refers to purchase of goods from a foreign country.

• Foreign Trade

• Import Trade

• Export Trade

• Exim Trade

Multiple Choice

7. When one producer can create a given amount of output with fewer inputs, what happens?

• comparative advantage

• comparative disadvantage

• absolute advantage

• absolute disadvantage

Multiple Choice

8. There are three producers. Producer A spends $10 to make a widget. Producer B spends $50 to make a widget. Producer C spends $4. Who has the absolute advantage?

• Producer A

• Producer B

• Producer C

• Producers A and C

Multiple Choice

9. What is the equation that describes net exports?

• net exports = exports - imports

• net exports = output - exports

• net exports = exports - output

• net exports = imports - exports

Multiple Choice

10. When a country exports and imports the same amount of goods, what is its net exports?

• positive

• negative

• zero

• need more information

Multiple Choice

11. When a country exports more than it imports, what is the value of net exports?

• positive

• negative

• zero

• need more information

Multiple Choice

12. How do you call the number that represents the nominal value of currency in two countries?

• interest rate

• output

• exchange rate

• price

Multiple Choice

13. What can be determined from the real exchange rate?

• interest rate

• output

• cost of living

• input

Multiple Choice

14. What is it called when the government places limits on the number of a given good that can be imported?

• a subsidy

• a tax

• a tariff

• a quota

Multiple Choice

15. “WTO” stands for …

• World Tariff Organization

• World Trade Organization

• Western Trade Organization

• World Transport Organization

Multiple Choice

16. “IMF” stands for …

• International Monetary Fund

• International Money Fund

• International Market Fund

• International Monetary Firm

Multiple Choice

17. “EU” stands for…

• Export Union

• European Union

• EXIM Union

• European Unit

Multiple Choice

18. The full form of “NAFTA” is …

• National American Free Trade Agreement

• North Asian Free Trade Agreement

• New Anti-Tariff Free Trade Agreement

• North American Free Trade Agreement

Multiple Choice

19. … deals with the economics issues like tariffs and other trade barriers in many countries.

• WTO

• EU

• World Bank

• WC

Multiple Choice

20. International trade and domestic trade differ because of:

• Different government policies

• Immobility of factors

• Trade restrictions

• All of the above

Poll

21. How do you feel about this training course so far?

• Not satisfied at all!

• So far so good

• Satisfied

• I'm totally lost!

Poll

22. What would you like to do for the next English classes?

• revision

• speaking activities

• writing activities

• continue the program

• other answers