Home and Foreign Trade Quiz

What is the term for trade within a country's borders?

• Foreign trade

• Home trade

• International trade

• Global trade

Which of the following is a type of home trade?

• Wholesale trade

• Retail trade

• Both A and B

• None of the above

What is the term for trade between countries?

• Foreign trade

• Home trade

• Local trade

• Regional trade

Which of the following is a type of foreign trade?

• Import

• Export

• Re-export

• All of the above

What is the term for goods brought into a country?

• Exports

• Imports

• Re-exports

• None of the above

What is the term for goods sent out of a country?

• Exports

• Imports

• Re-exports

• None of the above

Which of the following is a document used in foreign trade?

• Bill of lading

• Invoice

• Certificate of origin

• All of the above

What is the term for a country's trade with other countries?

• Balance of trade

• Balance of payments

• Terms of trade

• Foreign trade

Which of the following is a type of trade barrier?

• Tariff

• Quota

• Embargo

• All of the above

What is the term for a tax on imported goods?

• Tariff

• Quota

• Subsidy

• None of the above