International Trade
Presentation
•
Business
•
11th Grade
•
Medium
Latoya Cousins
Used 24+ times
FREE Resource
15 Slides • 10 Questions
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2
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Multiple Choice
Involves the exchange of goods and services between nations.
trade barriers
International trade
free trade
International diplomacy
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6
Multiple Choice
Import means
buying goods from another country
selling goods to another country
only making one kind of product
7
Multiple Choice
Export means
buying goods from another country
selling goods to another country
only making one kind of product
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9
Multiple Choice
The measure of how much one currency is worth in relation to another.
change rate
exchange rate
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Multiple Choice
A document that states a promise to pay a set amount by a certain date is a/an
bond
promissory note
bill of exchange
letter of credit
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Multiple Choice
When a country exports more than it imports.
trade surplus
trade deficit
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Multiple Choice
Which is the most BASIC difference between international trade and domestic trade?
Trade barrier is often likely to appear when trading
Transporting risks cause greater loss to international trade than domestic trade
Different payment is concerned to be a case
International trade refers to different countries while domestic trade refers to different regions
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Multiple Choice
Which of the following is a form of trade barrier?
Quota
Embargo
Tariff
All of the above
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Multiple Choice
This is the most restrictive of the trade restrictions a nation can use to close off all importation of a product.
Tariff
Quota
Embargo
Subsidy
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Multiple Choice
This trade barrier limits the number of products that can be brought into a country.
Tariff
Quota
Embargo
Subsidy
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