Practice What Is International Economics? (1)

Practise this section

10 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
4 questions · about 3 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
What is the definition of trade?
Show hintHide hint
Think about how countries exchange products.
Question 2.
Name two advantages of globalization.
Show hintHide hint
Consider how globalization affects variety and relations.
3Question 3.
What is a tariff?
- A tax on exports
- A tax on imports
- A type of trade agreement
Show hintHide hint
Think about what happens to imported items.
4Question 4.
Is globalization increasing or decreasing the interconnectedness of world economies?
- Increasing
- Decreasing
Show hintHide hint
Consider how technologies have influenced trade.
Question 5.
Analyze the effect of a sudden increase in tariffs on imported goods on domestic consumers.
Show hintHide hint
Consider how prices and choices may change.
Question 6.
Evaluate the impact of globalization on unique local cultural practices.
Show hintHide hint
Think about culture and identity within globalization.

6 more questions in this section. Enroll free to practise them all.