#1
Which country is the world's largest exporter of goods as of 2020?
China
United States
Germany
Japan
#2
What is the term used to describe a situation where a country exports more than it imports?
Trade deficit
Trade surplus
Trade imbalance
Trade equilibrium
#3
Which of the following is not a characteristic of globalization?
Increased interconnectedness
Decreased international trade
Rapid movement of capital
Cultural exchange
#4
What is the term for a tax imposed on imported goods?
Tariff
Subsidy
Quota
Embargo
#5
Which of the following is a key feature of the digital economy?
Reliance on physical infrastructure
Limited access to information
Traditional payment methods
Use of digital technologies
#6
Which of the following trade agreements created the world's largest free trade area?
North American Free Trade Agreement (NAFTA)
Trans-Pacific Partnership (TPP)
Comprehensive Economic and Trade Agreement (CETA)
Regional Comprehensive Economic Partnership (RCEP)
#7
What is the term for a currency whose value is determined by the forces of supply and demand, with minimal government intervention?
Fixed exchange rate
Floating exchange rate
Pegged exchange rate
Managed exchange rate
#8
Which economic theory advocates for reducing government intervention in international trade to promote economic efficiency?
Protectionism
Mercantilism
Free trade
Economic nationalism
#9
What is the term for a situation where a country's imports exceed its exports?
Trade surplus
Trade deficit
Trade embargo
Trade barrier
#10
Which of the following is not a member of the BRICS group of emerging economies?
Brazil
Russia
Italy
South Africa
#11
Which international organization is responsible for overseeing the global financial system and promoting financial stability?
World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)
Organization for Economic Cooperation and Development (OECD)
#12
Which of the following is a consequence of economic globalization?
Increased economic inequality
Decreased international migration
Isolationism
Reduced cultural exchange
#13
Which of the following organizations is responsible for issuing Special Drawing Rights (SDRs)?
World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)
Organization for Economic Cooperation and Development (OECD)
#14
Which of the following trade agreements aims to reduce tariffs and promote trade among African countries?
ASEAN Free Trade Area (AFTA)
Common Market for Eastern and Southern Africa (COMESA)
European Union (EU)
Eurasian Economic Union (EAEU)
#15
Which of the following trade agreements includes member countries such as Australia, Canada, Japan, and Singapore?
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
North American Free Trade Agreement (NAFTA)
Regional Comprehensive Economic Partnership (RCEP)
Central American Free Trade Agreement (CAFTA)