English Vocabulary for International Trade
Authored by Masyhur Masyhur
English
University
CCSS covered
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of international trade?
The exchange of goods and services between countries
The exchange of goods and services within a country
The exchange of goods and services between individuals
The exchange of goods and services within a company
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of an import?
A country selling goods to another country
A country buying goods from another country
A country selling goods within its own borders
A country buying goods from its own citizens
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trade deficit?
When a country exports more than it imports
When a country imports more than it exports
When a country has an equal amount of imports and exports
When a country does not engage in international trade
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tariff?
A tax on imported goods
A tax on exported goods
A tax on domestic goods
A tax on all goods
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trade barrier?
A restriction on the quantity of goods that can be imported
A restriction on the quantity of goods that can be exported
A restriction on the quantity of goods that can be produced domestically
A restriction on the quantity of goods that can be consumed domestically
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a free trade agreement?
An agreement between countries to eliminate trade barriers
An agreement between countries to increase trade barriers
An agreement between countries to limit imports
An agreement between countries to limit exports
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a trade surplus?
When a country exports more than it imports
When a country imports more than it exports
When a country has an equal amount of imports and exports
When a country does not engage in international trade
Tags
CCSS.RI.3.10
CCSS.RI.4.10
CCSS.RI.5.10
CCSS.RI.6.4
CCSS.RI.7.4
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