#1
Which of the following is a barrier to international trade?
1 answered
#2
What does GDP stand for?
1 answered
#3
Which organization sets the rules for international trade?
1 answered
#4
What is a trade surplus?
1 answered
#5
What is the term for a tax imposed on imports?
1 answered
#6
Which economic theory advocates for government intervention in trade to protect domestic industries?
1 answered
#7
Which of the following is a benefit of international trade?
1 answered
#8
What is a trade deficit?
1 answered
#9
Which of the following is an example of a non-tariff barrier to trade?
1 answered
#10
What is the main purpose of a trade agreement?
1 answered
#11
What does NAFTA stand for?
1 answered
#12
Which term refers to the difference between a country's exports and imports?
1 answered
#13
Which economic theory suggests that a nation should specialize in the production of goods and services that it can produce most efficiently?
1 answered
#14
Which factor does NOT typically influence comparative advantage?
1 answered
#15
What is the term for the practice of selling goods abroad at a price below their cost of production?
1 answered
#16
Which international organization is responsible for promoting economic cooperation and development among member countries?
1 answered
#17
Which of the following is NOT a reason why countries engage in international trade?
1 answered