
International Commerce and Trade Quiz
Authored by ronald quezada
Business
University

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a country get from international trade?
Less work
More variety of products
Fewer goods
Higher prices
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tariff?
A free gift
A tax on imports
A type of transport
A price discount
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who pays the tariff?
The importer (buyer)
The exporter (seller)
The government
The shipping company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which group supports free trade between countries?
FIFA
WTO
NATO
Netflix
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a country exports more than it imports, it has a:
Trade surplus
Trade problem
Trade quota
Trade holiday
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is supply?
What buyers want
What sellers offer
What the bank gives
What customs officers do
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is demand?
What sellers want to buy
What consumers want to buy
What taxes are called
What happens in a factory
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