Understanding International Trade in Economics Quiz
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Questions and Answers

Economics jaalalaa keessatti argamaa?

  • Gara garaa keessatti argaman
  • Odeeffannoo tokkoon gara garaa keessatti argamaa
  • Fayyaa fi odeeffannoo tokkoon gara garaa keessatti argamaa (correct)
  • Fayyaa tokkoon gara garaa keessatti argamaa

    • International trade ni argama?

  • Maqaan isaa maqaan gara dhaabbataa
  • Maqaan isaa maqaan gara dhaabbataa keessa
  • Maqaan isaa maqaan dhaabbataa (correct)
  • Maqaan isaa maqaan dura dhaabbataa

    • Economics hojii gaarii keessatti argamaa?

  • Hojii gaarii keessa fayyaa tokkoon gara garaa keessatti argamaa
  • Hojii gaarii keessa fayyaa fi odeeffannoo tokkoon gara garaa keessatti argamaa (correct)
  • Hojii gaarii keessa odeeffannoo tokkoon gara garaa keessatti argamaa
  • Hojii gaarii keessa gara garaa keessatti argaman

    • International trade niin argama?

    <p>Maqaan isaa maqaan dhaabbataa lola (C)</p> Signup and view all the answers

    Economics hojii gaarii keessatti argama?

    <p>Hojii gaarii keessa fayyaa fi odeeffannoo tokkoon gara garaa keessatti argamaa lola (B)</p> Signup and view all the answers

    International trade niin argama?

    <p>Maqaan isaa maqaan dhaabbataa lola koo (C)</p> Signup and view all the answers

    WTO-n ka'ee bakka argattu lammataa yoo ta'u, rakkoolee saa ta'uu fi dhaabbilee hamaa yoo ta'u, maal akka argattu lammataa qaba?

    <p>Kan akka irraa hordoftu qaba (A)</p> Signup and view all the answers

    Ka'e maal akka qofaa argattu lammataa qaba?

    <p>Gara dhibaa saa irra deebi'anii (B)</p> Signup and view all the answers

    Biyyoota afrikaarra of walitti bu'amanii kan ka'e maal akka mirkana'ee siyaasa argattu lammataa qaba?

    <p>Qondaalota saa tokkoon (C)</p> Signup and view all the answers

    Toloota saa tokkoo, ka'e maal akka argattu lammata?

    <p>Maal akka saa irra deebi'anii (B)</p> Signup and view all the answers

    Ka'ee rakkoolee saatiin yoo ta'u, maal akka rakkonaa qaba?

    <p>'Orom diktoorootaa akkasumas walabummaan qabsoo saatiin (D)</p> Signup and view all the answers

    What is one of the benefits of using functions in PHP?

    <p>Code reusability (B)</p> Signup and view all the answers

    How do you use a function in PHP?

    <p>Use the function name followed by parentheses and an equal sign (D)</p> Signup and view all the answers

    What does a PHP function help to organize?

    <p>Code into logical units (C)</p> Signup and view all the answers

    What do PHP functions help to make the code more?

    <p>Modular and easier to manage (C)</p> Signup and view all the answers

    What is the purpose of defining a function in PHP?

    <p>To encapsulate a specific task (D)</p> Signup and view all the answers

    What do PHP built-in functions provide?

    <p>Code reusability without needing to define them (C)</p> Signup and view all the answers

    What does the PHP function 'echo' do?

    <p>Outputs the specified content (A)</p> Signup and view all the answers

    Which PHP function is used to include a PHP file in the current script?

    <p>include (B)</p> Signup and view all the answers

    What is the purpose of the 'return' keyword in a PHP function?

    <p>Returns a value from the function (B)</p> Signup and view all the answers

    How would you define a custom PHP function?

    <p>Use the <code>function</code> keyword followed by the function name, parentheses, and curly braces (C)</p> Signup and view all the answers

    What does the PHP function 'isset' do?

    <p>Checks if a variable is set and is not NULL (A)</p> Signup and view all the answers

    Which keyword is used to specify parameters in a PHP function?

    <p>$parameter_name (A)</p> Signup and view all the answers

    What does the PHP function 'print_r' do?

    <p>Outputs the content of an array or an object (C)</p> Signup and view all the answers

    Which PHP function is used to require a PHP file in the current script?

    <p><code>require</code> (D)</p> Signup and view all the answers

    What information does 'var_dump' output in PHP?

    <p>The content of an array or an object, including its data types and default values (B)</p> Signup and view all the answers

    'exit' in PHP does what?

    <p>Exits the current script (C)</p> Signup and view all the answers

    Study Notes

    Introduction to Economics: Understanding International Trade

    Economics is a social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. The field of economics is divided into microeconomics and macroeconomics, which respectively focus on the behavior of individual economic agents and the economy as a whole. One of the key subtopics within economics is international trade, which involves the exchange of goods and services between countries.

    In this article, we will explore the concept of international trade, its benefits, challenges, and the role of organizations such as the World Trade Organization (WTO) in regulating trade practices.

    What is International Trade?

    International trade refers to the exchange of goods and services between different countries. It can take various forms, including international import and export of goods and services, as well as foreign direct investment and the licensing of intellectual property. International trade helps countries specialize in producing goods and services that they produce most efficiently, leading to increased productivity and economic growth.

    Benefits of International Trade

    International trade offers numerous benefits to participating countries, including:

    • Increased Efficiency: By focusing on producing goods and services they are best suited for, countries become more efficient and productive, leading to economic growth.
    • Lower Prices: International trade allows countries to access a wider range of goods and services at lower prices, as they can import products that are produced more efficiently elsewhere.
    • Increased Consumption: Due to the lower prices, consumers can access a greater variety of goods and services, leading to increased consumption.
    • Greater Economic Opportunities: International trade opens up new markets and opportunities for businesses, leading to increased competition and innovation.

    Challenges and Risks of International Trade

    Despite its benefits, international trade also presents certain challenges and risks, such as:

    • Unequal Trade: Some countries may have an unfair advantage in international trade, leading to unequal economic opportunities and potential harm to domestic industries.
    • Environmental and Social Impacts: International trade can have negative environmental and social impacts, such as increased pollution, resource depletion, and labor exploitation.
    • Security and Safety Risks: The globalization of trade can also lead to increased security and safety risks, such as the potential for the spread of diseases and terrorism.

    The Role of the World Trade Organization (WTO)

    The World Trade Organization (WTO) is an international organization that helps regulate international trade practices by promoting free trade, reducing trade barriers, and enforcing trade rules. The WTO is responsible for:

    • Negotiating Trade Agreements: The WTO facilitates the negotiation of trade agreements between member countries, ensuring that trade is conducted fairly and transparently.
    • Mediating Disputes: The WTO provides a platform for resolving disputes related to international trade, ensuring that member countries adhere to the rules and principles established by the organization.
    • Monitoring Trade Practices: The WTO monitors trade practices and enforces trade rules, ensuring that member countries do not engage in unfair or discriminatory practices.

    Conclusion

    International trade plays a crucial role in the global economy, offering numerous benefits and challenges to participating countries. By understanding the concept of international trade and the role of organizations like the WTO, we can better appreciate the complexities of the global economic landscape and the importance of responsible and sustainable trade practices.

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    Test your knowledge on international trade and its role in the global economy. Learn about the benefits, challenges, and the functions of organizations like the World Trade Organization (WTO) that regulate international trade practices.

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