International Trade Quiz
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Questions and Answers

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?

  • Language spoken in a country
  • Government policies and regulations (correct)
  • Local traditions and customs
  • Geographical location of a country
  • 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
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