8.3 - Gateways of International Trade
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Practice Questions
Test your understanding with targeted questions
What is international trade?
💡 Hint: Think about how countries source products they can't produce.
What was the barter system?
💡 Hint: Consider what people used before money.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main principle of international trade?
💡 Hint: Think about the scope of international on a global scale.
True or False: The World Trade Organisation was established to limit trade.
💡 Hint: Consider its role in encouraging trade liberalization.
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Challenge Problems
Push your limits with advanced challenges
Discuss how changing trade tariffs can affect the balance of trade for a developing country.
💡 Hint: Consider both local producers and foreign competitors.
Evaluate the impact of globalization on local economies in developing countries in terms of international trade.
💡 Hint: Think about both positive and negative consequences.
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