International Trade Quiz

Which factor contributes to the uneven distribution of national resources worldwide?

• Climate

• Geology

• Relief

• All of the above

The agricultural potential is highest in which type of landform?

• Mountains

• Plateaus

• Lowlands

• Deserts

Which factor is responsible for Iran's global recognition in handicrafts?

• Silk

• Carpets

• Porcelain

• Pottery

In which type of climate can bananas and rubber grow?

• Temperate

• Cold

• Tropical

• Arid

Which type of trade occurs between two countries with an agreement on specified goods?

• Multilateral trade

• Bilateral trade

• Free trade

• Internal trade

If a country's exports exceed its imports, it has a:

• Negative balance of trade

• Positive balance of trade

• Balanced trade

• Neutral trade

What does the WTO stand for?

• World Trade Order

• World Trade Organisation

• World Transport Organisation

• World Tourism Organisation

Dumping refers to the practice of selling a commodity:

• At a loss in the home market

• At different prices in different countries

• Only in domestic markets

• Through bartering

Which sector is often developed through foreign investment in developing countries?

• Light manufacturing

• Mining

• Technology

• Education

In which year did the General Agreement on Tariffs and Trade (GATT) transform into WTO?

• 1948

• 1988

• 1994

• 1995