Trends in International Trade (Leaving Cert Business): Quizzes

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Trends in International Trade
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What does Brexit refer to?

UK's departure from the EU

What did Brexit introduce that didn't exist when the UK was in the single market?

Trade barriers

What does globalisation promote?

Cross-border trade, investment & culture

What challenges globalisation?

Nationalism and protectionism

What do advances in ICT help manage in international trade?

Global supply chains

Which of these is an example of a trading bloc?

European Union (EU)

What do trading blocs facilitate among member countries?

Trade

What do new markets in emerging economies offer?

Opportunities for trade and investment

Which country is given as an example of lower labour costs?

China

What sectors are affected by competition from low wage economies?

Manufacturing, outsourcing, trade dynamics

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