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(8.) Economics Hl. International Economics, Definitions.

This quiz, titled 'Economics HL. International Economics, definitions,' assesses understanding of key economic concepts such as free trade, trade volumes, multinational corporations, terms of trade, and comparative and absolute...

Questions: 37 | Attempts: 198 | Last updated: Oct 16, 2025

Sample Question 1
The actual number of goods and services in and out of your country is known as a country's ...

Trade mass

Trade volumes

Terms of trade

Net exports

Sample Question 2
"(Index of export prices / Index of import prices) * 100 What is being defined?

Exchange rate

Trade volumes

Balance of payments

Terms of trade

Sample Question 3
"When a country imposes trade barriers to protect the incomes of domestic producers" What is specifically being defined above?

Quota

Embargo

Subsidy

Protectionism