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What is Global Trade? - Definition, Advantages & Barriers

Instructions:

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

question 1 of 3

Which one of the following is the best explanation of global trade?

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1. Who developed the concept of comparative advantage?

2. Which one of the following is not an advantage of global trade?

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About This Quiz & Worksheet

This quiz and worksheet will help you check your understanding of the lesson on the issues with global trade. One of the details that you will be assessed on includes why countries might favor global trade.

Quiz & Worksheet Goals

Use this worksheet and quiz to recall:

  • The definition of global trade
  • Concept of comparative advantage
  • Advantages of global trade

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on issues with global trade
  • Information recall - access the knowledge you've gained regarding why countries see global trade as preferable
  • Knowledge application - use your knowledge to answer a question about policy barriers

Additional Learning

To learn more about this topic, have a look at the related lesson called What is Global Trade? - Definition, Advantages & Barriers. This lesson explores these objectives:

  • Define and identify the conceptual framework of global trade
  • Understand the benefits of global trade
  • Recognize and examine the two types of barriers to trade
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