International Trade (goods and services)

International Trade (goods and services)

1st - 3rd Grade

10 Qs

quiz-placeholder

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International Trade (goods and services)

International Trade (goods and services)

Assessment

Quiz

English, Business

1st - 3rd Grade

Hard

Created by

Angie Valdez

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Simplification, modernization and harmonization of export and import procedures

Trade facilitation

Customs control

International Trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The execute of laws and regulations that governments impose for international trade compliance

Model or international trade

Trade Facilitation

Customs control

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Classical theory of international trade is based on "The Wealth of Nations"

ABSOLUTE ADVANTAGE MODEL.

COMPARATIVE ADVANTAGE THEORY.

HECKSHER-OHLIN THEORY

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability to invest less time (hours) and resources for production, compared to another country.

Competitive Advantage

Absolute advantage

Gravity model of trade

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A model that, in its traditional form, predicts bilateral trade flows based on the economic sizes and distance between two units.

Gravity Models of Trades

Heckscher-Ohlin theory,

Absolute Advantage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Theory thay implements which countries in which capital is relatively plentiful and labour relatively scarce will tend to export capital-intensive products and import labor-intensive product

Trade facilitation

Gravity Models of Trades

Heckscher-Ohlin theory

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

International trade creates opportunities, but if you do not have the necessary knowledge, skills and experience, you won't be able to take advantage of those opportunities

TRUE

FALSE

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