Specialisation and International Trade Quiz

Specialisation and International Trade Quiz

12th Grade

14 Qs

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Specialisation and International Trade Quiz

Specialisation and International Trade Quiz

Assessment

Quiz

Others

12th Grade

Practice Problem

Medium

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Noorah 84441/TCHR/MGB

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one advantage of specialisation for countries?

Increased competition

Higher output

Higher costs

Less innovation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which industry accounted for 70% of Bangladesh's exports in 2016?

Agriculture

Technology

Textiles

Mining

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential disadvantage of specialisation?

Dependence on other countries

Increased product variety

Lower production costs

Higher quality products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does comparative advantage refer to?

The ability to produce a product at a lower opportunity cost

The ability to produce a product faster

The ability to produce more of a product

The ability to produce a product with higher quality

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is mentioned as having a comparative advantage in operating call centres?

USA

Bangladesh

India

China

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a risk associated with international trade?

Reduced market size

Increased tariffs

Lower competition

Higher local production

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can high transport costs do to a country's cost advantage?

Have no effect

Increase it

Offset it

Enhance it

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