International trade and resources
Authored by Minh Trịnh
Business
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
Which term refer to the exchange of goods and services between different countries?
Good And service trade
International trade
domestic trade
All the answers above
2.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
What is the name for the difference between a country's exports and imports of goods and services?
Foreign direct investment
Current account balance
Trade balance
Fiscal deficit
3.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
What does the abbreviation WTO stand for in international economics?
World Trade Organization
World Tariff Organization
Worldwide Trading Order
World Taxation Office
4.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
Which term refers to the total value of a country's exports and imports of goods and services?
Trade surplus
Gross Domestic Product (GDP)
Current account deficit
Balance of payments
5.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
Which factor of production refers to natural resources and raw materials used in production?
Labor
Capital
Entrepreneurship
Land
6.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
What is the main benefit of international trade?
Increased domestic production
Higher employment rates
Improved standard of living
Reduced competition
7.
MULTIPLE CHOICE QUESTION
1 min • 20 pts
What does FDI stand for in international economics?
Foreign Direct Investment
Financial Data Integration
Fiscal Development Index
Foreign Debt Investment
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