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Questions and Answers
What is international trade?
What is international trade?
- The exchange of goods and services within a country
- The exchange of money between countries
- The exchange of cultures between countries
- The exchange of goods and services between countries (correct)
Which factor can influence international trade?
Which factor can influence international trade?
- Language spoken in a country
- Government policies and regulations (correct)
- Local traditions and customs
- Geographical location of a country
What is a trade deficit?
What is a trade deficit?
- When a country's imports exceed its exports (correct)
- When a country's imports and exports are equal
- When a country's exports exceed its imports
- When a country stops all international trade
