
Trade Balance and Economic Impact
Interactive Video
•
Business
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a high level of imports indicate about a country's economy?
Weak domestic demand
A declining economy
Strong domestic demand and a growing economy
A trade surplus
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it beneficial for a country to import productive assets like machinery?
They reduce domestic employment
They increase the trade deficit
They contribute to long-term productivity
They are cheaper than consumer goods
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a trade surplus indicate about a nation's economy?
High inflation
A weak domestic currency
More exports than imports
More imports than exports
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when a country's imports exceed its exports?
Trade surplus occurs
Trade deficit occurs
Domestic currency strengthens
Inflation decreases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a weak domestic currency affect exports and imports?
Stimulates exports and makes imports cheaper
Hampers exports and makes imports more expensive
Stimulates exports and makes imports more expensive
Hampers exports and makes imports cheaper
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between inflation and interest rates?
Interest rates decrease inflation
Inflation has no effect on interest rates
Higher inflation leads to higher interest rates
Higher inflation leads to lower interest rates
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does high inflation affect consumer spending on foreign goods?
Decreases spending on foreign goods
Increases spending on domestic goods
Increases spending on foreign goods
Has no effect on spending
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