5 Questions
What is the significance of international trade in most countries?
It represents a significant share of gross domestic product (GDP)
Which of the following best describes international trade?
The exchange of capital, goods, and services across international borders or territories
What factors influence trade between two or more states?
Currency, government policies, economy, judicial system, laws, and markets
Why is international trade more complex than domestic trade?
It involves multiple countries with different economic standing
What are some international economic organizations formed to facilitate trade between countries?
World Trade Organization
Test your knowledge on international trade with this quiz! From the basics of capital and goods exchange to the significance of trade in a country's GDP, challenge yourself with questions on the history and importance of international trade in the world economy.
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