The main reason countries gain from international trade is that it allows them to:

specialise in what they produce best and buy other goods more cheaply

A current account deficit means a country is:

spending more on imports than it earns from exports

cheaper abroad and imports dearer

It protects infant industries until they can compete

trade freely with each other by removing barriers between members

produces or sells in more than one country

Job losses in industries that face cheaper imports

12questions. Pick an answer and you'll see why right away.

An export is best described as a good or service that a country:
The main reason countries gain from international trade is that it allows them to:
A country exports £250 billion of goods and imports £300 billion. The balance of trade is:
A current account deficit means a country is:
The exchange rate is £1 = $1.40. A UK good priced at £200 costs an American buyer:
The exchange rate is £1 = $1.25. A US good priced at$ 500 costs a UK buyer:
When the pound depreciates (gets weaker), UK exports become:
A tariff is best described as:
Which of these is an argument in favour of protectionism?
A trading bloc such as the European Union is a group of countries that:
A multinational company (MNC) is a firm that:
Which is a cost of globalisation for workers in a developed country?