International Trade

International Trade

11th Grade

8 Qs

quiz-placeholder

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International Trade

International Trade

Assessment

Quiz

Business, Professional Development, English

11th Grade

Medium

Created by

Ana Madrigal

Used 13+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Is the market value of all finished goods and services produced within a country in a year. Can be calculated using production, expeditures or incomes.

GDP nominal

Real GDP

GDP per capita

2.

FILL IN THE BLANK QUESTION

30 sec • 5 pts

Real GDP adjusts the numbers by fixing the currency value, thus eliminating any distortion caused by ________ or deflation.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

International trade amounts to a sixth of the total economic activity in the world. About $______ of goods and services cross international borders each year.

19 billion

19 trillion

19 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

IPE stands for

International possesions and economics

Interdisciplinary political economies

International political economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Mercantilism , generally shares with ______ the belief that each state must protect its own interests at the expense of others

realism

idealism

liberalism

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Economic liberalism , an alternative approach, generally shares with liberal internationalism a belief in the possibility of cooperation to realize common gains

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Liberalism is the dominant approach in

northern economics

world economics

western economics

8.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Mercantilism achieved prominence in

The 18th century

The 19th century

Europe