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international trade

Authored by fathima latheef

Social Studies

10th Grade

Used 1+ times

international trade
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

what are the two components of international trade?

import and trade

import and export

export and consumer

country and consumer

2.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

which of the following is not an advantage of international trade?

opens new markets and exposes countries to goods and services unavailable in their domestic economies

the competition international trade bring is often damaging to small, domestic industries

Countries with traditional economies could lose their local farming base

achieve a competitive advantage in the world market.

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When the value of export exceeds the value of import, it is considered ____

favourable balance

unfavourable balance

import

fair trade

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

India signed a free trade agreement with

south korea and north korea

myanmar and ASEAN

south korea and ASEAN

china and hong kong

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

India’s major trade partners include

singapore, china, australia, united arab emirates, bangladesh

United States, United Arab Emirates, China, Singapore, Saudi Arabia and Iraq

United States, United Arab Emirates, Hong Kong, China, Singapore, Saudi Arabia and Iraq

none of the above

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

India IS the world’s fastest-growing large economy

true

false

7.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of ___

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