1.5.1.2 - External Trade
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Practice Questions
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What is external trade?
💡 Hint: Think about how countries share products.
Define imports.
💡 Hint: What do we buy from other countries?
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Interactive Quizzes
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What is external trade?
💡 Hint: Think about trading goods with other nations.
True or False: Imports refer to goods sent out of the country.
💡 Hint: Remember the direction of import.
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Challenge Problems
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Discuss the impact of tariffs on external trade and provide two examples.
💡 Hint: Think about how an increase in costs might influence buying decisions.
Evaluate how external trade might evolve in a global crisis, such as a pandemic.
💡 Hint: Consider how global events affect trade flows and consumer needs.
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