8.2 - Why Does International Trade Exist?
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Practice Questions
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What is international trade?
💡 Hint: Think of trade that occurs between countries.
What does the term 'barter' mean?
💡 Hint: Consider how people traded before money.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the main purpose of international trade?
💡 Hint: Focus on why countries trade with each other.
True or False: Bartering was the primary system of trade before the introduction of money.
💡 Hint: Think about trade's evolution.
1 more question available
Challenge Problems
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Discuss the potential long-term impacts of relying heavily on imports due to a negative trade balance. How might this affect local economies?
💡 Hint: Think about the implications for workforce and production abilities.
Analyze how advancements in technology might change the nature of comparative advantages among countries in the next decade.
💡 Hint: Consider emerging tech fields and their global impacts.
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