International Trade Quiz

What is international trade?

• Trade within a country

• Trade between cities

• Trade between residents of the same country

• Trade between countries

What is the activity of sending goods to other countries called?

• Exporting

• Transporting

• Importing

• Trading

What factor influences a country's ability to meet the needs of its population?

• Cultural heritage

• Population density

• Geographical location

• Political system

Which country is mentioned as an example of having superior human resources?

• Japan

• France

• Indonesia

• Australia

What is the purpose of international trade policies such as tariffs and quotas?

• To increase production costs

• To restrict trade between countries

• To promote currency exchange

• To regulate the flow of goods

What is the policy of selling goods in foreign markets at lower prices than in the domestic market called?

• Devaluation

• Quotas

• Subsidies

• Dumping

What is the main benefit of international trade according to the text?

• Decreasing domestic production

• Encouraging economic growth

• Limiting job opportunities

• Reducing state income

What is the main barrier to international trade mentioned in the text?

• High import duties

• Low production costs

• Smooth payment processes

• Stable currency values

What is the policy to lower the exchange rate of a country's currency against foreign currencies called?

• Subsidies

• Dumping

• Quotas

• Devaluation

What is the purpose of export and import bans according to the text?

• To increase domestic production

• To promote currency exchange

• To encourage international trade

• To protect domestic consumers