Team 1
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Team 2
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Teams
Name
Score
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boom
Lose 50 points!
Oops!
×
magnet
Take 20 points!
Okay!
×
shark
Other team loses 15 points!
Okay!
×
baam
Lose 10 points!
Oops!
10
×
This document may be needed for the trade of restricted products.
Export licence
Oops!
Check
Okay!
Check
10
×
The goods and services sold to other countries are called ___.
Exports
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Check
Okay!
Check
10
×
In a balance of Payment (BOP), transfers from abroad are marked as a ___.
credit
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Check
Okay!
Check
10
×
When a country produces a good or service for a lower opportunity cost than other countries, it is a ___.
Comparative cost advantage
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Check
Okay!
Check
×
heart
Other team wins 25 points!
Oops!
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gift
Win 20 points!
Okay!
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fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 25 points!
Oops!
10
×
Customs helps to prevent the traffic of forbidden products. This illegal action is called ___.
Smuggling
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Check
Okay!
Check
10
×
The organisation in charge of facilitating global trade by means of regulations and agreements is the ___.
World Trade Organisation (WTO)
Oops!
Check
Okay!
Check
10
×
This trading bloc is composed of countries located in North America.
NAFTA
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Check
Okay!
Check
10
×
In foreign trade, Which country's VAT rate is assumed, and who pays it?
The buyer assumes it with the VAT rate of their country.
Oops!
Check
Okay!
Check
10
×
The acquisition of banking services in a foreign country equals to ___.
an invisible import
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
seesaw
Swap points!
Okay!
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 20 points!
Oops!
10
×
This type of tax is added to goods and products at each stage of production, distribution, or sale to the end consumer.
VAT (Value Added Tax)
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Check
Okay!
Check
10
×
The export of goods at a much lower price than the one in domestic markets is called ___.
Dumping
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Check
Okay!
Check
10
×
In a Balance of Trade (BOT), more imports than exports signals a ___.
trade deficit
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Check
Okay!
Check
10
×
This document is used in foreign trade to prove where goods come from.
Certificate of origin
Oops!
Check
Okay!
Check
×
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