Interantional Trade
Understanding International Trade
Test your knowledge on international trade concepts and the implications of globalization through our engaging quiz! Dive into the intriguing dynamics of the global economy and see how it affects different income groups.
- Explore the elephant graph and its insights.
- Learn about trade balances and their impact on economies.
- Understand the importance of value-added trade in economic analysis.
What does the “elephant graph” show?
The effect of globalization on GDP growth of different countries.
The effect of globalization on international trade
The effect of globalization on total global economic output.
The effect of globalization on income growth for people of various incomes.
According to the elephant graph”, who is the big loser?
The middle class in the developed world
The middle class in the developing world
The lower class in the developed world
The upper class in the developing world
If a country exports a greater value than it imports, it has a
Negative trade balance
Positive trade balance
Negative terms of trade
Positive terms of trade
Trade in value added corrects for
Missing information in the balance payment
Missing information of row materials
Value added of the local supply chain
Double or multiple counting problem
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