International Trade and Markets (AQA A-Level Geography): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What economic principle explains why countries specialise in producing certain goods efficiently?
What economic principle explains why countries specialise in producing certain goods efficiently?
Comparative advantage
Which trade barrier is described as the most common form used by governments worldwide?
Which trade barrier is described as the most common form used by governments worldwide?
Tariffs
What distinguishes import quotas from tariffs?
What distinguishes import quotas from tariffs?
They set physical limits on quantities
What was the value of world merchandise trade in 2018?
What was the value of world merchandise trade in 2018?
$19.48 trillion
Which factor driving trade patterns relates to manufacturing goods at lower costs efficiently?
Which factor driving trade patterns relates to manufacturing goods at lower costs efficiently?
Comparative advantage
Which region became the fastest-growing trading area, with China surpassing the USA by 2018?
Which region became the fastest-growing trading area, with China surpassing the USA by 2018?
Asia-Pacific
In which two regions is intra-regional trade particularly strong?
In which two regions is intra-regional trade particularly strong?
Europe and Asia-Pacific
What was the total value of global FDI inflows in 2019?
What was the total value of global FDI inflows in 2019?
$1.39 trillion
How much FDI do developing countries receive compared to what they invest overseas?
How much FDI do developing countries receive compared to what they invest overseas?
Nearly twice as much
What percentage of global FDI inflows does the Asia-Pacific region account for?
What percentage of global FDI inflows does the Asia-Pacific region account for?
40 per cent