International Trade Quiz
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Questions and Answers

What does the term 'International Trade' refer to?

  • Trade restricted to a single continent
  • Exchange of goods within a country
  • Trade between two or more nations (correct)
  • Trade between states within a country
  • What is a key component of International Trade?

  • Occurs within a single country
  • Involves exchange of goods, services, and capital across nations (correct)
  • Involves only domestic companies
  • Only involves physical goods
  • What is not a feature of International Trade?

  • Includes exchange of services
  • Restricted to domestic markets (correct)
  • Involves multiple nations
  • Involves capital flow
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