Theme 4 Test 3
Authored by David Urquhart
Business
12th Grade - University
Used 3+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is International Trade
Involves exporting and importing goods abroad.
Involves exporting and importing goods within the UK
Involves just importing goods from overseas
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Watches made in Norway are worn by people in London.
import
export
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Tires made in UK factories are used on cars in Germany.
import
export
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Exports
Goods produced in one country and sold in another
Goods that are brought from producers overseas
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Members agree to either reduce or eliminate trade barriers for a select number of goods or services, resulting in partial trade liberalisation. This is ......
Preferential trade areas
Free trade areas
Customs unions
Economic unions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Members agree to the removal of trade barriers as well as the freedom of movement of factors of production within the bloc.
Customs unions
Common markets
Free trade areas
Preferential trade areas
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A free trade area is a group of countries that have removed most or all ........... and/or quotas
Subsidies
Embargo's
Tariffs
None of these
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