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International and Free trade Flashcards | StudBud
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International and Free trade
International and Free trade
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StudBud Administration
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A business quiz about international trade and free trade #fun #wow #amazing
Flashcards
15 cards
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Questions
15
Answers
1
Lowering the exchange rate will help to...
increase economic activity
decrease economic activity
2
What does T.E.D stand for?
Touch Entry Design
Threat Environment Defense
Trunk Encryption Device
Trend Extent Duration
3
What is International Trade?
Exchange of products with tariffs and quotas imposed
When we trade between certain countries and nations
Exchange of products and capital over national borders
When our currency is strong
4
What is a trading bloc?
Don't know
A market where you trade products
When there are barriers in trading
None of the above
5
Which one of these determines the demand for Pounds on the Foreign Exchange Market?
Foreign investment in the UK
Capital outflow of the UK
Foreign capital inflow in the UK
Investment from the UK
6
What is foreign capital inflow (foreign inflow of money)?
Excess of capital
Capital invested by foreign companies into our economy
Capital flowing out of our economy
Surplus of capital
7
Free trade takes place when there are no barriers.
True
False
8
With a UK firm that exports but doesn't import, if exchange rates fall ...
The foreign currency price stays the same
The foreign currency price increases
It depends
The foreign currency price falls
9
What are some benefits of being in a trading bloc?
Trade creation
Ability to access raw materials at a lower price
None of the above
Increase in stability of your business
10
T.E.D is used to measure...
Inflation
Economic growth
Quota sampling
Effects of a change in the exchange rates
11
What is free trade? (2 possible answers)
Trade without tariffs or quotas being imposed on products
Free resources being traded from overseas
Exporting and importing without tariffs and quotas
Trade with tariffs and quotas being imposed on products
12
What determines the supply of Pounds on the Foreign Exchange Market?
Hot money flows going abroad
UK residents and businesses buying imports
UK residents and businesses buying exports
The UK investing abroad
13
Exchange rate is...
The value of the Pound in terms of the Pound
The value of the Pound in terms of another currency
The strength of British businesses
14
Which one of these do British businesses have to do to follow International Trading procedure?
Make your own rules
None of above
Firms have to agree with requirements of other countries
Insist on having exports being paid in our currency
15
What is Hot Money?
Flow of capital to gain short-term profit on interest rates
Funds are always moving from countries to get interest
Flow of capital between countries to gain highest interest
Capital flows moving to countries with higher interest rates
