Team 1
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Team 2
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Teams
Name
Score
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thief
Give points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 25 points!
Okay!
×
lifesaver
Give 25 points!
Oops!
10
×
The export of goods at a much lower price than the one in domestic markets is called ___.
Dumping
Oops!
Check
Okay!
Check
10
×
This document may be needed for the trade of restricted products.
Export licence
Oops!
Check
Okay!
Check
10
×
This trading bloc is composed of countries located in North America.
NAFTA
Oops!
Check
Okay!
Check
×
seesaw
Swap points!
Oops!
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 10 points!
Okay!
×
banana
Go to last place!
Oops!
10
×
The goods and services sold to other countries are called ___.
Exports
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Check
Okay!
Check
10
×
The value of all goods and services made by a country's residents and businesses over a year, regardless of production location is called ___.
GNP (Gross National Product)
Oops!
Check
Okay!
Check
10
×
How many Incoterms are there in 2021?
11
Oops!
Check
Okay!
Check
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)
Oops!
Check
Okay!
Check
10
×
The part of the sales contract that estates who is responsible for paying for the financial protection of good in case of loss or damage is ___.
Insurance
Oops!
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
10
×
This system allows countries in the EU to identify the valid VAT number of a company a European country wants to trade with.
VIES (VAT Information Exchange System)
Oops!
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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boom
Lose 50 points!
Oops!
×
shark
Other team loses 20 points!
Okay!
×
shark
Other team loses 25 points!
Okay!
×
baam
Lose 20 points!
Oops!
10
×
An official ban, especially on trade or other commercial activity with a particular country is called ___.
An embargo
Oops!
Check
Okay!
Check
10
×
In a Balance of Trade (BOT), more imports than exports signals a ___.
trade deficit
Oops!
Check
Okay!
Check
×
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