International Trade
Authored by Katharina Mertens
Business
University
Used 4+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
16 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the underlying assumptions of the Gravity Model of International Trade?
Trade between two countries is increasing in the product of their GDP
Trade between two countries is decreasing in the product of their GDP
Trade between two countries is increasing in their geographic distance
Trade between two countries is decreasing in their geographic distance
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Trade in ... has gone down over the past 15 years
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The factors of production are
Capital
Intermediary goods
Labour
Land
Services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor of production plays a role in the Comparative Advantage model?
Capital
Labour
Land
Goods
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
An industry has a comparative advantage over a foreign industry if there is
a difference in culture
a difference in labour productivity
a difference in wage rates
a difference in the amount of export-competing companies
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country will become an exporter of a good if
there are enough producers of that good
the world market price is above the domestic price
the government imposes export quotas
the world market price is below the domestic price
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which model looks at the income distribution between countries that trade?
Comparative advantage model
Factors proportion theory
Specific factors model
New trade theory
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
