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Intl Economics Quick Quiz

Froggy Jumps

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About this activity

Test your understanding of trade and exchange concepts.

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Intl Economics Quick Quiz
 

Froggy Jumps

Intl Economics Quick QuizOnline version

Test your understanding of trade and exchange concepts.

by Lilly Bright
1

What is comparative advantage?

2

When do countries trade according to the guide?

3

Which barrier is a tax on imports/exports?

4

What is a trade deficit?

5

What does a tariff do?

6

Which bloc aims to reduce barriers among members?

7

Free trade benefits include lower prices and more competition.

8

What is exchange rate appreciation?

9

Depreciation in exchange rates makes imports ___ and exports ___?

10

Define 'exchange rate' briefly.

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