1. Globalization and Trade
Trade Data Analysis — Quiz
Test your understanding of trade data analysis with 5 practice questions.
Practice Questions
Question 1
Which component of the balance of payments records cross-border equity and debt transactions?
Question 2
Which account in the balance of payments records unilateral transfers such as remittances and foreign aid?
Question 3
Country X requires 10 labour hours for steel and 5 hours for textiles, while Country Y requires 8 hours for steel and 6 hours for textiles. Which country has a comparative advantage in textiles?
Question 4
If a country’s computer exports grew from \$50bn in year 1 to \$75bn in year 2, what was the year-on-year export growth rate?
Question 5
Which chart type is most suitable for comparing the share of different product categories in a country’s exports at a single point in time?