Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Business

Blog

Quick Quiz (6)

Jim Riley

11th May 2009

Share this content:

A quick 10 questions from section 4 (International economics).

1) State three reasons why countries trade

2) Explain the difference between absolute and comparative advantage. (HIGHER LEVEL ONLY)

3) State four different types of protectionist policies

4) Explain the infant industry argument

5) Explain what a customs union is.

6) Explain the difference between trade creation and trade diversion (HIGHER LEVEL ONLY)

7) State two arguments in favour of the WTO

8) Briefly outline the structure of the balance of payments

9) What is the difference between a depreciation and a devaluation

10) State the formula for the terms of trade. What does it show?

Share this content:

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

You might also like

Exchange rates, and passing on the costs

29th November 2016

BUSS4 Research – It’s All About the Why, Not the What

8th October 2015

The Biz Quiz - 7 October 2015

7th October 2015

Doing Enough Studying?

6th October 2015

The Biz Quiz - 30 September 2015

30th September 2015

The VW Scandal - Deception Explained

24th September 2015

The Haka and Change Management

23rd September 2015

The Biz Quiz - 23 September 2015

23rd September 2015