What is international trade?
International Trade Quiz

Quiz
•
Social Studies
•
12th Grade
•
Hard
REGINALD DEVON HAYTER
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Exchange of goods and services within a single country
Exchange of goods and services across national borders
Exchange of goods and services within a continent
Exchange of goods and services within a city
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is international trade crucial?
It limits economic growth
It is only beneficial for large countries
It is crucial for global economic growth and development
It only benefits the technology sector
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does international trade involve?
Only one country buying and selling
Multiple countries buying and selling from each other
Only digital products being exchanged
Only agricultural products being exchanged
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might a country choose to import goods rather than produce them locally?
To access products not available domestically
To increase local employment
To reduce transportation costs
To avoid international trade
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential advantage of importing goods?
Higher quality than local options
Increased local production
Reduced foreign dependency
Lower domestic prices
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are exports?
Goods or services sold to other countries
Goods or services bought from other countries
Goods or services used domestically
Goods or services stored for future use
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do exports benefit a country's economy?
Boost domestic economy and create jobs
Decrease domestic production
Reduce global influence
Increase import dependency
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