International Trade Quiz

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Test your knowledge of business English in the context of international trade.

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Isabella Giussani

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1	Isabella Giussani 23 Mars 2025	% 100	01:30

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International Trade Quiz


International Trade QuizVersion en ligne Test your knowledge of business English in the context of international trade. par Isabella Giussani 1 What is a tariff? a A tax on imported goods. b A trade agreement c A shipping method d A type of currency exchange 2 What does 'outsourcing' mean? a Hiring an external company to perform tasks that could be done in-house. b Hiring employees to work on-site from within the company's headquarters c Creating new products in-house using external suppliers 3 What is a trade deficit? a When trade is balanced b When exports exceed imports c When tariffs are high d When imports exceed exports. 4 What is an Incoterm? a International commercial terms defining trade responsibilities. b A trade negotiation strategy c A type of shipping container d A currency exchange rate 5 What does 'protectionism' refer to? a Restricting imports to protect domestic industries. b Promoting exports c Encouraging free trade d Reducing tariffs 6 What is a 'Joint Venture'? a A business arrangement where two or more parties collaborate by pooling resources to achieve a common goal b One company acquires another to expand its market share and control. c When a company creates a new product without any external partners and sells it independently. d A type of partnership where two companies form a new company together 7 What does 'foreign direct investment' mean? a Investment in bonds b Investment in real estate only c Investment in domestic stocks d Investment made by a company in one country in business interests in another country. 8 What is the purpose of a trade embargo? a To promote exports b To restrict trade with a specific country. c To increase imports d To lower tariffs 9 What does 'balance of payments' refer to? a A currency valuation b A tax report c A type of trade agreement d A record of all economic transactions between a country and the rest of the world. 10 What is a quota in international trade? a A shipping method b A limit on the quantity of goods that can be imported. c A trade agreement d A type of tariff

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International Trade Quiz

Test

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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International Trade QuizVersion en ligne

par Isabella Giussani

What is a tariff?

What does 'outsourcing' mean?

What is a trade deficit?

What is an Incoterm?

What does 'protectionism' refer to?

What is a 'Joint Venture'?

What does 'foreign direct investment' mean?

What is the purpose of a trade embargo?

What does 'balance of payments' refer to?

What is a quota in international trade?