Unit 2: international trade

Unit 2: international trade

University

22 Qs

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Unit 2: international trade

Unit 2: international trade

Assessment

Quiz

Business

University

Practice Problem

Easy

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Nguyễn Anh

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22 questions

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1.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

The purchase, sale or exchange of goods and services across national borders is called_______

2.

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2 mins • 1 pt

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.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

______ is the condition that results when the value of a nation's exports is greater than the value of imports

4.

FILL IN THE BLANK QUESTION

2 mins • 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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2 mins • 1 pt

Sending goods to another country for sale or trade is called a ________

6.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

A trade theory which holds that nations can increase their economic well-being by specializing in goods that they can produce more efficiently than anyone else is called ______

7.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

Bringing in goods from another country for sale or trade is called ________

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