International trade and resources

International trade and resources

University

15 Qs

quiz-placeholder

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International trade and resources

International trade and resources

Assessment

Quiz

Business

University

Medium

Created by

Minh Trịnh

Used 7+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

Which term refer to the exchange of goods and services between different countries?

Good And service trade

International trade

domestic trade

All the answers above

2.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

What is the name for the difference between a country's exports and imports of goods and services?

Foreign direct investment

Current account balance

Trade balance

Fiscal deficit

3.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

What does the abbreviation WTO stand for in international economics?

World Trade Organization

World Tariff Organization

Worldwide Trading Order

World Taxation Office

4.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

Which term refers to the total value of a country's exports and imports of goods and services?

Trade surplus

Gross Domestic Product (GDP)

Current account deficit

Balance of payments

5.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

Which factor of production refers to natural resources and raw materials used in production?

Labor

Capital

Entrepreneurship

Land

6.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

What is the main benefit of international trade?

Increased domestic production

Higher employment rates

Improved standard of living

Reduced competition

7.

MULTIPLE CHOICE QUESTION

1 min • 20 pts

What does FDI stand for in international economics?

Foreign Direct Investment

Financial Data Integration

Fiscal Development Index

Foreign Debt Investment

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