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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does a positive balance of trade indicate?
💡 Hint: Think about surplus.
Question 2
Easy
What is dumping?
💡 Hint: Consider competition.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does it mean when a country has a negative balance of trade?
- A surplus of goods
- More exports than imports
- More imports than exports
💡 Hint: Think about what impacts financial reserves.
Question 2
True or False: The WTO helps in regulating trade among member nations.
- True
- False
💡 Hint: Consider organizations that oversee trade rules.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Evaluate the long-term economic effects of consistent negative balances of trade for a developing country.
💡 Hint: Consider the implications of financial shortages.
Question 2
Propose a detailed strategy for a country to improve its trade balance sustainably.
💡 Hint: Think about developing internal capabilities.
Challenge and get performance evaluation