International Trade Practive

International Trade Practive

12th Grade

20 Qs

quiz-placeholder

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International Trade Practive

International Trade Practive

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Lionel S Taylor

Used 8+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country imports more than it exports.

Trade surplus
Balance of trade
Trade deficit
Export deficit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

We can also call a trade surplus a

negative balance of trade
trade deficit
trade equilibrium
positive balance of trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good sent to another country for sale is called a what?

import
domestic
export
internal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is not a trade bloc?

EU
ASEAN
WTO
NAFTA

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

We could consider an exchange rate that it pegged to the US dollar to be

Fixed
Floating
Variable
Flexible

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the Mexican peso appreciates against the Chinese yuan, who will benefit?

Chinese consumers
Mexican exporters
Mexican importers
Chinese exporters

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An exchange rate is used to determine

temperature fluctuations
population growth rate
value of one currency in relation to another currency
stock market trends

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