Chapter 3. World Trade: An Overview

In 2020, with an export value of more than $2.5T, ____ ranked 1st in the list of biggest merchandise exporters.

• China

• Germany

• Japan

• USA

What country is the 3rd largest exporter and importer of merchandise in 2020?

• USA

• United Kingdom

• Germany

• Netherlands

Vietnam's biggest merchandise export partner in 2019 is ____, with a share of 23.2%.

• Hong Kong

• China

• Korea

• United States

Why is distance between 2 countries is a matter in the value of trade between 2 countries?

• Distance between market incurs transportation costs

• Distance influences communication

• Distance influences personal contact

• All answers are correct

According to WTO & UNCTAD statistics, ____ has the highest volume of export in Q3/2020.

• Asia

• Europe

• North America

• Others

Netherlands is a big trading partner of the US, as Rotterdam port in the country is the most important access to Europe.

This is an example of ____ matter in the Gravity model.

• geography

• border

• cultual affinity

• GDP

_____ and ____ are two FTAs that were signed in 2020 by Vietnam and its partners.

• RCEP - EVFTA

• EVFTA - CPTPP

• ATIGA - AANZFTA

• RCEP - UKVFTA

In 2003, a large fraction of the volume of trade came from _____.

• services

• agricultural products

• manufactures

• mineral products

Until Q3 2020, ____ is the biggest exporter and importer of commercial service.

• China

• Germany

• India

• United States

3 of the top 10 exporting products from Vietnam are ____.

• Cotton, footwear, furniture

• Footwear, articles of apparel, seafood

• Cereals, seafood, toys

• Electrical machinery and equipment, ceramic products, edible fruit