International Trade

Score:

1.Ireland has what type of Economy

A

Small Open Trading Economy

Large Open Trading Economy

Small Closed Trading Economy

Large Closed Trading Economy

2.International Trade is the buying and selling of goods and services between
countries
A

True

False

3.Balance of Trade =

4.Balance of Invisible Trade =

5.Balance of Payments =

6.WTO stands for World Trade Organisation

A

True

False

7.List the main Opportunities of International Trade for Ireland

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8.List the main Challenges of International Trade for Ireland

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