
Unit 1
Quiz
•
English
•
University
•
Practice Problem
•
Hard
Anh Nhật
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24 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The purchase, sale, or exchange of goods and services across national borders is called
2.
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1 min • 1 pt
A trade theory which holds that a government can improve the economic well-being of the country by encouraging exports and stifling imports to accumulate wealth in the form of precious metals
3.
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1 min • 1 pt
_____________ is the condition that results when the value of a nation's exports is greater than the value of imports.
4.
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1 min • 1 pt
A condition that results when the value of a country's imports is greater than the value of its exports is called_____________.
5.
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1 min • 1 pt
Sending goods to another country for sale or trade is called a_____________.
6.
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1 min • 1 pt
A trade theory which holds that nations can increase their economic well-being by specialising in goods that they can produce more efficiently than anyone else is called_____________.
7.
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1 min • 1 pt
Bringing in goods from another country for sale or trade is called_____________.
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