A level International Trade Quizzes

Revising International Trade with Quizzes

(Simple A level International Trade quizzes for students going in for the GCE, GCSE, and necta)

Hello guys and Welcome to gcequiz.com, an online revision platform that  will ease your  revision by providing you with hundreds of quizzes to  answer. Today we are going to be looking at international trade. Here, you'll get to understand how trade is been done internationally between two different countries, their trading conditions, and so on. To facilitate the assimilation of this topic, there are ready-made quizzes below made available for revision. Before proceeding, let's have a brief summary of the topic:

International trade is the exchange of capital, goods, and services across international borders because there is a want of goods and services. Realizing trade at the international level is very complex and more challenging as compared to local or domestic trade. This is as a result of many factors such as currency differences, government policies, the different economies, laws, and so on. To reduce the difficulties, some economic organizations were formed, such as the World Trade Organisation that works towards the facilitation and growth of international trade.

A good or product transferred or shipped or sold from a party in one country to another party in a different country is known as an export from the originating country, hence, an import to the receiving country. These (exports and imports) are accounted for when talking about a country's BOP (Balance of payment).

One advantage of trading internationally is that it gives both the consumers and countries the opportunity to be exposed to new market and products. 

Students will be tested on their ability to apply their knowledge on this topic to answer MCQs, short answer, and essay questions during the exams. This, therefore, means they need serious revision. For more exciting quizzes, click here.

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