11th Grade International Trade Quizzes, Questions & Answers

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International Trade

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: 4668 | Last updated: Jul 31, 2024

Sample Question 1
Countries usually impose restrictions on free foreign trade to...

Protect foreign producers

Protect foreign consumers

Protect domestic producers

Protect domestic consumers

Sample Question 2
If a country allows trade and the domestic price of a good is higher than the world price,

The country will become an exporter of the good

The country will become an importer of the coogd

The country will neither import nor export

Additional information about demand is needed to determine whether the country will export or import the good

Macroeconomics [ch. 18]

Explore the dynamics of open economies in 'Macroeconomics [Ch. 18]' through questions on trade, investment, and economic policies. Assess your understanding of international trade, investment flows, and their impact on national...

Questions: 20 | Attempts: 4462 | Last updated: Mar 22, 2023

Sample Question 1
An economy that interacts with other economies is known as

A balanced trade economy

An export economy

An import economy

A closed economy

An open economy

Sample Question 2
Each of the following is a reason why the U.S. economy continues to engage in greater amounts of international trade except which one?

There are larger cargo ships and airplanes

High-technology goods are more valuable per pound and, thus, more likely to be traded

NAFTA imposes requirements for increase trade between countries in North America

There have been improvements in technology that have improved telecommunications between countries

All of the above are reasons for increase trade by the U.S.

11th Grade International Trade Quizzes, Questions & Answers

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