8.4.3 - Challenges
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Practice Questions
Test your understanding with targeted questions
What does 'dependency on foreign markets' mean?
💡 Hint: Think about what imports provide to a country.
Define trade imbalance.
💡 Hint: Consider the balance between exports and imports.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is a trade imbalance?
💡 Hint: Think about the relationships between imports and exports.
True or False: Dependency on foreign markets does not pose any risks.
💡 Hint: Consider what happens in a global crisis.
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Challenge Problems
Push your limits with advanced challenges
Evaluate the effects of trade imbalances on national economies in the context of recent global events.
💡 Hint: Consider how events such as the pandemic affected trade balances.
Propose a policy that a government could implement to reduce dependency on foreign markets while still promoting international trade.
💡 Hint: Think about the balance of protecting industries vs. encouraging trade.
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Reference links
Supplementary resources to enhance your learning experience.