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Worksheets

Global interdependence

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

In economics, exchange of physically tangible goods between countries, involving the export and import

a)

Visible trade

b)

Invisible trade

c)

WTO

2.

Customer service, banking transactions, and the medical tourism industry all are examples of

a)

International debt

b)

Invisible trade

c)

Export goods

3.

Nepal had a total export of 740,742 US$ and import 10,037,840 US$. Is this an example of

a)

Positive trade balance

b)

Negative trade balance

4.

This is a tax imposed by a government on imports or exports of goods

a)

Tariff

b)

Licence

c)

Royalties

5.

Royalty payment is

a)

a resource or property are licensed by one party to another

b)

a payment made by one party to another that owns a particular asset

6.

Choose factors affecting global trade

a)

Location

b)

History

c)

Resources

7.

A type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time

a)

Tariff

b)

Franchising

c)

Quota

8.

Which trade block belongs to Africa?

a)

NAFTA

b)

EU

c)

ASEAN

d)

SACU

9.

Which country is part of BRIC?

a)

the US

b)

Brazil

c)

Cameroon

d)

Rwanda

10.

Choose countries of MINT

a)

Malaysia

b)

Mexico

c)

India

d)

Indonesia

e)

Thailand

11.

A market that has some characteristics of a developed market, but does not fully meet its standards

a)

Emerging market

b)

International aid

c)

Franchising market

12.

Started in 1995 and regulates international trade

a)

WTO

b)

UN

c)

Red cross

13.

This product is an example of

a)

international aid

b)

GM product

c)

Fair Trade

14.

When Zimbabwe had the peak of inflation?

a)

2007-2008

b)

1983

c)

2004

d)

1997

15.

This photo is an example of

a)

positive trade balance

b)

invisible trade

c)

national debt and inflation

16.

The proportion of country's export earnings needed to meet its debt repayments

a)

natural increase ration

b)

debt service ratio

c)

net migration

17.

Which country has crisis starting from 2001 after currency changes?

a)

Tanzania

b)

Jamaica

c)

Greece

18.

Austerity is

a)

tax increase

b)

spending cuts

c)

both

19.

HIPC works for

a)

sustainable management

b)

fair trade products

c)

mandatory education

d)

reduction of debt

20.

These are the main goals of

a)

OPEC

b)

EU

c)

Millennium Development Goals

d)

Sustainable development goals