Interantional Trade

A colorful illustration depicting global trade, featuring an elephant chart and diverse people representing various income levels engaging with global trade in an interactive manner.

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.

4 Questions1 MinutesCreated by AnalyzingTrade24

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

Interantional Trade

Understanding International Trade

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