Commerce and trade

Commerce and trade

12th Grade

11 Qs

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Commerce and trade

Commerce and trade

Assessment

Quiz

Financial Education

12th Grade

Practice Problem

Medium

Created by

Jessica Parisi

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main difference between home trade and international trade?

Home trade involves only the sale of services, while international trade involves only the sale of goods.

Home trade involves trade between different countries, while international trade involves trade within a single country.

Home trade involves trade within a single country, while international trade involves trade between different countries.

Home trade involves only the sale of goods, while international trade involves only the sale of services.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What are the services to trade that make trade possible?

Legal services, accounting, consulting, and real estate

Education, entertainment, hospitality, and research

Manufacturing, agriculture, construction, and healthcare

Storage, transport, banking, insurance, technological support, communication, and marketing

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the role of wholesalers in the chain of distribution?

Store goods and transport them to consumers directly

Buy goods in small quantities from retailers and sell them in bulk to producers

Buy goods in bulk from producers and sell them in smaller quantities to retailers

Provide technological support and communication services to retailers

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What type of retailers are most common today?

Discount stores and thrift shops

Online retailers and e-commerce platforms

Supermarkets, department stores, and hypermarkets

Independent retailers specializing in one product or service

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What was the period known for the sharp increase in international trade due to new technologies and lowered trade barriers?

2000 - present

1980 - now

1945 - 1980

1850 - 1914

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which organisation was founded in 1995 to strengthen the rules of the global trading system?

World Bank

World Trade Organization (WTO)

International Monetary Fund (IMF)

General Agreement on Tariffs and Trade (GATT)

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does the term 'balance of trade' refer to?

Difference between visible and invisible trade

Difference between total exports and imports over a certain period of time

Difference between developed and developing countries in trade practices

Difference between credit and debit in international transactions

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