Internal and External Trade Quiz
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Questions and Answers

Which type of trade occurs between two different countries?

  • Wholesale trade
  • Retail trade
  • Export (correct)
  • Internal trade

What is another term for internal trade?

  • Retail trade
  • Wholesale trade
  • Domestic trade (correct)
  • Export

Where does wholesale trade primarily take place?

  • Within the same country (correct)
  • Between traders of different cities
  • In global arena
  • Between two different countries

What does external trade refer to?

<p>Trade between two different countries (D)</p> Signup and view all the answers

Where do the buyer and seller reside in international trade?

<p>In two different countries (A)</p> Signup and view all the answers

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