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International Trade Quizzes & Trivia

International Trade is something which takes place around the world. Today, different countries trade with countries all around the world. With new freight developments, people are no longer limited to trade with their closest neighbors and can instead expand their reach across the globe.

Of course there are different laws which oversee international trade, particularly laws pertaining to import and export limitations, taxes, and tariffs. Each country is different and when one business decides to sell their product to multiple countries, they must meet with each country’s trade laws. Can you name some of the trade laws in your country? Take one of our many international trade quizzes and see how much you know about commerce, imports, and exports worldwide. 
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Keep a hard copy of your results in case the server dumps your scores!!!  this will prevent you from retaking the quizzes because of a computer error.

Questions: 9  |  Attempts: 2199   |  Last updated: Jan 8, 2013
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    Countries usually impose restrictions on free foreign trade to...

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    Autarky implies that

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Questions: 5  |  Attempts: 179   |  Last updated: Oct 12, 2018
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    International trade is logically associated with which assumption?



Questions: 5  |  Attempts: 609   |  Last updated: Dec 20, 2018
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    The 1st BRICS summit was held in which one of the following years?

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Questions: 12  |  Attempts: 117   |  Last updated: Jun 26, 2018
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    Transaction Risk occur when....
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International Trade Questions & Answers


Which of the following would not be true when a country allows for trade and becomes an exporter of the good?1. The price paid by the domestic consumer of the good increases2. The...
Option C. "The losses of domestic consumers exceed the gains of domestic producers". This option is definitely not true when a country allows for trade and becomes an exporter of the good. There are other two conditions which are also true.
What do you understand by restricting trade?
Trade restriction can sometimes be necessary to make the economy grow. Some people become too accustomed to the items that are from different countries that they forget to love their own products. They become too excited about the products from other
What will happen if a country allows trade and the domestic price of a good is higher than the world price?
Because I believe we need to see the demand in its country to decide whether such a country needs to import the goods.
What generalization can be made about the relationship between GDP and literacy?
Option B is correct. Literacy is usually higher in countries with higher GDP. Education and monetary worth of a country are very important factors in measuring a country’s growth. It is believed that there is a positive relationship between Li
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