The Economics & Politics of International Trade


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question 1 of 3

Colombia produces the best and lowest cost coffee in the world. This gives Colombia a _____ over other nations.

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1. When the United States and Canada can import and export products across its border with no restrictions, it is called _____.

2. Why would a country wish to pursue open trade policies?

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About This Quiz & Worksheet

We give Brazil computers and they give us coffee. Simple, right? Wrong. Economic and political factors make international trade a little more complicated than that. Use this worksheet and quiz to learn about the pros and cons of open trade, and the process of developing an international trade relationship.

Quiz & Worksheet Goals

This worksheet and quiz will assess your knowledge of the following:

  • The positives and negatives of open trade between nations
  • Special advantages for nations in the world of trade
  • Methods of developing a successful international trade relationship

Skills Practiced

Use these skills when working with the worksheet and quiz:

  • Reading comprehension - ensure that you draw the most important information from the related international trade lesson
  • Information recall - access the knowledge you've gained regarding competitive advantages
  • Critical thinking - apply relevant concepts to examine information about open trade in a different light

Additional Learning

To learn more about international trade, take a look at the corresponding lesson called The Economics & Politics of International Trade. This lesson will prepare you to:

  • Debate the positive and negative results of open trade, and form an opinion on the matter
  • Explain how a nation can create a competitive advantage for itself
  • Describe how a country can successfully develop a trade relationship with another country