Global Trade

What is the exchange of goods, services, and ideas between different countries called?

• Globalization

• Importing

• Exchange Rate

• Localization

Which of the following is an example of a service that can be exchanged globally?

• Cars

• Education

• Apples

• Clothing

What is the term for the price at which one country's currency can be converted into another country's currency?

• Import Tax

• Exchange Rate

• Inflation Rate

• Stock Price

Which of the following is an example of a good that is commonly exchanged globally?

• Music

• Tourism

• Computers

• Language

What do we call the total value of a country's exports minus the total value of its imports?

• Trade deficit
• Export difference
• Trade balance
• Import balance

When a country brings in goods or services from another country, it is known as:

• Importing

• Producing

• Distributing

• Domestic trade

Which of the following is an example of a cultural exchange between countries?

• Sharing recipes

• Sharing currency

• Sharing military

• Sharing geography

What do we call the tax placed on goods coming into a country?

• Export Tax

• Tariff

• Import Duty

• Consumption Tax

What is the name of the international organization that promotes global economic cooperation and trade?

• UNICEF

• WHO

• IMF

• Greenpeace

Which of the following is a benefit of global exchange?

• Reduced cultural diversity

• Increased economic interdependence

• Environmental isolation

• Decreased competition