Trade Talk Quiz

Froggy Jumps

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About this activity

Exports and imports basics

Created by

Sara Cifuentes

Colombia

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Froggy Jumps Trade Talk QuizOnline version Exports and imports basics by Sara Cifuentes 1 Which statement about imports is NOT correct? a They are goods sold to other countries b They increase the availability of products c They involve buying goods from other countries 2 What is a common risk of relying too much on exports? a Decrease in foreign income b Total independence from other countries c Economic vulnerability to global demand changes 3 Which option is NOT a benefit of exports? a Job creation b Increase in foreign revenue c Reduction of international trade 4 Why might imports harm local industries? a Because they create more jobs b Because they compete with local products c Because they increase prices 5 Which of the following is NOT a natural resource exported by Colombia? a Gold b Computers c Coffee 6 What happens when imports are greater than exports? a Economic balance b Trade surplus c Trade deficit 7 Which statement about Colombia’s exports is true? a They do not affect the economy b They include natural resources like oil and coffee c They are mostly technological products 8 Why is international trade important for a country? a It eliminates the need for production b It limits economic growth c It allows exchange of goods and services between countries 9 Exports often help a country by increasing which of the following? a Decreasing production b Job creation c Higher domestic prices 10 Which statement best describes a trade deficit? a Exports exceed imports b Balanced trade c Imports exceed exports

Froggy Jumps

Trade Talk QuizOnline version

Exports and imports basics

by Sara Cifuentes

Which statement about imports is NOT correct?

They are goods sold to other countries

They increase the availability of products

They involve buying goods from other countries

What is a common risk of relying too much on exports?

Decrease in foreign income

Total independence from other countries

Economic vulnerability to global demand changes

Which option is NOT a benefit of exports?

Job creation

Increase in foreign revenue

Reduction of international trade

Why might imports harm local industries?

Because they create more jobs

Because they compete with local products

Because they increase prices

Which of the following is NOT a natural resource exported by Colombia?

Gold

Computers

Coffee

What happens when imports are greater than exports?

Economic balance

Trade surplus

Trade deficit

Which statement about Colombia’s exports is true?

They do not affect the economy

They include natural resources like oil and coffee

They are mostly technological products

Why is international trade important for a country?

It eliminates the need for production

It limits economic growth

It allows exchange of goods and services between countries

Exports often help a country by increasing which of the following?

Decreasing production

Job creation

Higher domestic prices

Which statement best describes a trade deficit?

Exports exceed imports

Balanced trade

Imports exceed exports

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Trade Talk Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Trade Talk QuizOnline version

by Sara Cifuentes

Which statement about imports is NOT correct?

What is a common risk of relying too much on exports?

Which option is NOT a benefit of exports?

Why might imports harm local industries?

Which of the following is NOT a natural resource exported by Colombia?

What happens when imports are greater than exports?

Which statement about Colombia’s exports is true?

Why is international trade important for a country?

Exports often help a country by increasing which of the following?

Which statement best describes a trade deficit?

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