Podcast
Questions and Answers
What percentage of the world GDP is represented by the value of international trade in 2010?
What percentage of the world GDP is represented by the value of international trade in 2010?
- 30% (correct)
- 40%
- 20%
- 10%
Why does international trade allow for greater competition and more competitive pricing?
Why does international trade allow for greater competition and more competitive pricing?
- It decreases the overall supply in the market
- It increases tariffs on imported goods
- It leads to a wider variety of available products (correct)
- It reduces the quality of goods and services
What is the predicted share of the world economy to be exchanged internationally by 2030?
What is the predicted share of the world economy to be exchanged internationally by 2030?
- 50%
- 70%
- 60% (correct)
- 40%
Why does every country need to engage in international trade?
Why does every country need to engage in international trade?
Why can no country be self-sufficient in producing all goods and services it requires?
Why can no country be self-sufficient in producing all goods and services it requires?
What does International Trade Law (ITL) primarily deal with?
What does International Trade Law (ITL) primarily deal with?
In the context of International Trade Law, what is the significance of arbitration?
In the context of International Trade Law, what is the significance of arbitration?
Why is International Trade considered significant in most countries?
Why is International Trade considered significant in most countries?
What is the primary focus of the academic study related to International Trade Law?
What is the primary focus of the academic study related to International Trade Law?
Why is there a need for regulation in International Trade?
Why is there a need for regulation in International Trade?
Flashcards are hidden until you start studying
