International Trade

Question 1 of 11

1

Which of these is NOT a barrier to international trade

Select one of the following:

Tariffs
Quotas
Subsidies
Economic growth

Explanation

Question 2 of 11

1

Foreign Trade is necessary in Ireland

Select one of the following:

True
False

Explanation

Question 3 of 11

1

Tariffs are taxes on imports that make them more expensive than home-produced goods?

Select one of the following:

True
False

Explanation

Question 4 of 11

1

In the past industry in Ireland was protected to protect and help the balance of payments?

Select one of the following:

True
False

Explanation

Question 5 of 11

1

Select from the dropdown lists to complete the text.

The Balance of ( Trade, Payments ) only refers to ( invisible, visible ) trade, which means any ( services, physical goods ). ( Invisible, visible ) trade refers to the export of ( services, goods ). If the total value of ( visible, invisible ) ( exports, imports ) is greater than the total value of ( invisible, visible ) ( exports, imports ), there is a ( surplus, deficit ) in the balance of ( payments, trade ). This means there is more money coming into the country. if the total value of ( visible, invisible ) exports is ( more, less ) than the total value of ( visible, invisible ) imports then there is a ( deficit, surplus ) in the balance of ( payments, trade ) which means ( more, less ) money is ( leaving, coming in to ) the country than coming in to it.

Explanation

Question 6 of 11

1

Balance of Trade is calculated using which of the following:

Select one of the following:

Invisible exports less Visible imports
Visible exports less Visible imports
Visible imports plus Invisible exports
Visible exports plus Visible imports

Explanation

Question 7 of 11

1

Balance of Payments = total exports - total visible imports

Select one of the following:

True
False

Explanation

Question 8 of 11

1

Fill the blank spaces to complete the text.

The Balance of is the total less total of a country during the same period of time. The balance of relates to both trade and involves the total amount of money entering (payments ) and leaving (payments ) the country during the same period of time.

Explanation

Question 9 of 11

1

Free trade, proximity and language are all opportunities for Irish business in international trade?

Select one of the following:

True
False

Explanation

Question 10 of 11

1

Culture and green image are challenges for Irish business in International trade?

Select one of the following:

True
False

Explanation

Question 11 of 11

1

Fill the blank spaces to complete the text.

The changing nature of the economy has impacted on industry in Ireland but has also provided opportunities for Irish . These changes include the following: 1. developments in , 2. new emerging , 3. globalisation, 4. fluctuation, 5. expansion of the , 6. deregulation.

	Created by megan murphy over 7 years ago

A quiz which can be used for assessment ore revision of the chapter International Trade, Unit 7, LC Business

International Trade

Question 1 of 11

Which of these is NOT a barrier to international trade

Select one of the following:

Explanation

Question 2 of 11

Foreign Trade is necessary in Ireland

Select one of the following:

Explanation

Question 3 of 11

Tariffs are taxes on imports that make them more expensive than home-produced goods?

Select one of the following:

Explanation

Question 4 of 11

In the past industry in Ireland was protected to protect and help the balance of payments?

Select one of the following:

Explanation

Question 5 of 11

Select from the dropdown lists to complete the text.

Explanation

Question 6 of 11

Balance of Trade is calculated using which of the following:

Select one of the following:

Explanation

Question 7 of 11

Balance of Payments = total exports - total visible imports

Select one of the following:

Explanation

Question 8 of 11

Fill the blank spaces to complete the text.

The Balance of is the total less total of a country during the same period of time. The balance of relates to both trade and involves the total amount of money entering (payments ) and leaving (payments ) the country during the same period of time.

Explanation

Question 9 of 11

Free trade, proximity and language are all opportunities for Irish business in international trade?

Select one of the following:

Explanation

Question 10 of 11

Culture and green image are challenges for Irish business in International trade?

Select one of the following:

Explanation

Question 11 of 11

Fill the blank spaces to complete the text.

The changing nature of the economy has impacted on industry in Ireland but has also provided opportunities for Irish . These changes include the following: 1. developments in , 2. new emerging , 3. globalisation, 4. fluctuation, 5. expansion of the , 6. deregulation.

Explanation