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International Trade Facts: True or False

Yes or No

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Quick true/false quiz on trade factors.

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Canada

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International Trade Facts: True or False
 

International Trade Facts: True or FalseOnline version

Quick true/false quiz on trade factors.

by Montex
1

Higher quality of domestic goods always increases imports.

2

A stronger domestic currency reduces the level of imports.

3

The Caribbean economy exports more bananas than it imports in all cases.

4

If domestic product prices are high compared with foreign product prices, the country will import more.

5

Exposure to mass media and changing tastes can shift consumption toward foreign products such as clothes and electronics.

6

If domestic prices are high relative to foreign prices, the country will import fewer goods.

7

A depreciation of the domestic currency makes imports more expensive in terms of the domestic currency.

8

Mass media has no effect on consumer tastes or imports.

9

If domestic goods are of high quality when compared to imported goods, the country will import fewer and buy more locally.

10

Domestic income levels influence imports: higher incomes enable consumers to purchase more imports.

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