Importing and Exporting in a Global Market: Definition, Process & Importance

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Why might a country import goods instead of making everything itself?

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1. Which of the following is an example of a trade deficit?

2. Which of the following BEST defines export?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your knowledge of imports and exports. Topics you'll need to know to pass the quiz include understanding the best explanation of an import as well as knowing what happens when a country imports more than it exports.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review the:

  • Definition of imports
  • Results when a country imports more than exports
  • Best explanation of an export
  • Meaning of tariff
  • Types of informal trade barriers

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Distinguishing Differences - compare and contrast topics from the lesson, such as imports and exports
  • Knowledge application - use your knowledge to answer questions about the results when a country imports more than exports
  • Defining key concepts - ensure that you can accurately define main phrases and terms, such as tariffs and trade barriers

Additional Learning

There is also a related lesson called Importing and Exporting in a Global Market: Definition, Process & Importance. Make sure to explore this lesson because it will help you:

  • Identify what an export is
  • Understand the definition of an import and its difference from an export
  • Appreciate why exports and imports are crucial
  • Show what some of the barriers to trade involve
  • Describe how trade is recorded among countries
  • Learn more about countries' balance of payments and trade
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