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WorksheetsInternational Trade - Junior Cert. Business Studies
Total questions: 25
Worksheet time: 13mins
Name
Class
Date
1.
Foreign trade is defined as selling goods to other countries
a)
True
b)
False
2.
Imports cause money to ...
a)
leave Ireland
b)
enter Ireland
3.
Exports cause money to ...
a)
leave Ireland
b)
enter Ireland
4.
Exports cause money to ...
a)
leave Ireland
b)
enter Ireland
5.
Foreign trade consists of visible and invisible trade.
a)
True
b)
False
6.
Increase exports lead to an increase in which tax revenue for the government.
a)
Capital Gains Tax
b)
Capital Acquisitions Tax
c)
Motor Tax
d)
PAYE
7.
The currency is China is the ...
a)
Yuan
b)
Yen
c)
Rupee
d)
Dollar
8.
The currency in Brazil is the ...
a)
Dinar
b)
Dollar
c)
Peso
d)
Lek
9.
Which of these items is a visible export from Ireland?
a)
Insurance Policies
b)
U2 touring in the UK
c)
Pharmaceutical Products
d)
Ed Sheeran peforming in Ireland
10.
Irish people going on holiday in Spain is an example of ...
a)
a visible import
b)
a visible export
c)
an invisible import
d)
an invisible export
11.
Coffe is an example of
a)
an invisible import
b)
an invisible export
c)
a visible import
d)
a visible export
12.
French people on holiday in Ireland are an example of ...
a)
a visible import
b)
an invisible import
c)
a visible export
d)
an invisible export
13.
Irish beef sold in the UK is an example of
a)
a visible import
b)
an invisible import
c)
a visible export
d)
an invisible export
14.
Padraig Harrington winning the US Open is an example of
a)
an invisible import
b)
a visible export
c)
an invisible export
d)
a visible import
15.
Ireland's main exporting partner is ...
a)
France
b)
The UK
c)
Germany
d)
The USA
16.
The Balance of Trade is the difference between ...
a)
visible exports and invisible imports
b)
invisible exports and visible imports
c)
visible exports and visible imports
17.
Visible Exports > Visible Imports =
a)
Balance of Trade Surplus
b)
Balance of Trade Deficit
18.
The formula to calculate Balance of Payments is ...
a)
Visible Exports - Visible Imports
b)
Invisible Exports - Invisible Imports
c)
Total Exports - Total Imports
d)
Total Imports - Total Exports
19.
In which year did Ireland join the EU?
a)
1973
b)
1987
c)
1977
d)
1983
20.
What is the currency of Russia?
a)
Rand
b)
Rupee
c)
Ruble
d)
Riyal
21.
What is the currency of Norway?
a)
Kwacha
b)
Krona
c)
Krone
d)
Kyat
22.
Irish people cannot live and work freely in other EU countries.
a)
True
b)
False
23.
A tax on goods and services imported from outside the EU is known as ...
a)
A quota
b)
Customs duty
c)
An embargo
24.
A total ban on the import of certain goods from specific countries is known as ...
a)
a quota
b)
an embargo
c)
customs duty
25.
What is the name of the government agency responsible for encouraging Irish companies to export?
a)
Enterprise Boards
b)
Enterprise Efficiency Ireland
c)
Enterprise Ireland
d)
Enterprise for Ireland
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