Search Header Logo
International Trade Quiz - BTS CI

International Trade Quiz - BTS CI

Assessment

Presentation

Business

Professional Development

Practice Problem

Hard

Created by

Bao ANNE

Used 2+ times

FREE Resource

1 Slide • 22 Questions

1

QUIZ

media

Knowledge test in English

2

Multiple Select

1. Tick all the possible jobs that a training course of International Trade can offer you.

1

international negociator

2

engineer

3

logistics / supply chain manager

4

import/ export assistant

5

marketing analyst

3

Multiple Choice

2. How much is the average salary of a beginner employee in International Trade?

1

the minimum wage

2

between 15,000 and 19,000€ per year

3

between 19,000 and 27,000€ per year

4

Multiple Choice

3. Trade between two or more than two countries is known as ...

1

Internal business

2

External trade

3

International trade

4

Unilateral trade

5

Multiple Choice

4. … is a group of countries that agree to abolish all trade restrictions and barriers.

1

Common market

2

Economic union

3

Custom union

4

Free Trade Area

6

Multiple Choice

5. Why should countries trade?

1

to help them thrive

2

to increase output

3

to decrease output

4

to make them busy

7

Multiple Choice

6. … refers to purchase of goods from a foreign country.

1

Foreign Trade

2

Import Trade

3

Export Trade

4

Exim Trade

8

Multiple Choice

7. When one producer can create a given amount of output with fewer inputs, what happens?

1

comparative advantage

2

comparative disadvantage

3

absolute advantage

4

absolute disadvantage

9

Multiple Choice

8. There are three producers. Producer A spends $10 to make a widget. Producer B spends $50 to make a widget. Producer C spends $4. Who has the absolute advantage?

1

Producer A

2

Producer B

3

Producer C

4

Producers A and C

10

Multiple Choice

9. What is the equation that describes net exports?

1

net exports = exports - imports

2

net exports = output - exports

3

net exports = exports - output

4

net exports = imports - exports

11

Multiple Choice

10. When a country exports and imports the same amount of goods, what is its net exports?

1

positive

2

negative

3

zero

4

need more information

12

Multiple Choice

11. When a country exports more than it imports, what is the value of net exports?

1

positive

2

negative

3

zero

4

need more information

13

Multiple Choice

12. How do you call the number that represents the nominal value of currency in two countries?

1

interest rate

2

output

3

exchange rate

4

price

14

Multiple Choice

13. What can be determined from the real exchange rate?

1

interest rate

2

output

3

cost of living

4

input

15

Multiple Choice

14. What is it called when the government places limits on the number of a given good that can be imported?

1

a subsidy

2

a tax

3

a tariff

4

a quota

16

Multiple Choice

15. “WTO” stands for …

1

World Tariff Organization

2

World Trade Organization

3

Western Trade Organization

4

World Transport Organization

17

Multiple Choice

16. “IMF” stands for …

1

International Monetary Fund

2

International Money Fund

3

International Market Fund

4

International Monetary Firm

18

Multiple Choice

17. “EU” stands for…

1

Export Union

2

European Union

3

EXIM Union

4

European Unit

19

Multiple Choice

18. The full form of “NAFTA” is …

1

National American Free Trade Agreement

2

North Asian Free Trade Agreement

3

New Anti-Tariff Free Trade Agreement

4

North American Free Trade Agreement

20

Multiple Choice

19. … deals with the economics issues like tariffs and other trade barriers in many countries.

1

WTO

2

EU

3

World Bank

4

WC

21

Multiple Choice

20. International trade and domestic trade differ because of:

1

Different government policies

2

Immobility of factors

3

Trade restrictions

4

All of the above

22

Poll

21. How do you feel about this training course so far?

Not satisfied at all!

So far so good

Satisfied

I'm totally lost!

23

Poll

22. What would you like to do for the next English classes?

revision

speaking activities

writing activities

continue the program

other answers

QUIZ

media

Knowledge test in English

Show answer

Auto Play

Slide 1 / 23

SLIDE