The World of International Trade
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is a reason why countries trade?

  • To limit their economic growth
  • To decrease their domestic consumption
  • To increase their domestic production (correct)
  • To reduce their international relations
  • What is the meaning of export?

  • The act of producing goods domestically
  • The act of consuming goods domestically
  • The act of buying goods from another country
  • The act of selling goods to another country (correct)
  • If you live in the countryside, what would you likely trade?

  • Fish
  • Timber
  • Precious metals
  • Agricultural products (correct)
  • More Like This

    International Trade Balance Quiz
    10 questions
    International Trade Basics
    10 questions
    International Trade Basics
    16 questions

    International Trade Basics

    DistinctiveEpitaph avatar
    DistinctiveEpitaph
    Use Quizgecko on...
    Browser
    Browser