Internal Trade(Commerce ) Questions and answers for exam Preparation

Question 1. The United States EXPORTS

Kangaroos
Airplanes
Cocoa Beans

Explanation:-

Answer: Option B. -> Airplanes

Question 2. The United States IMPORTS

Corn
Airplanes
Toys

Explanation:-

Answer: Option C. -> Toys

Question 3. Why does the United States need to import products?

The US does not import products
Some are easier and cheaper to make in other countries
The US makes all of its own products

Explanation:-

Answer: Option B. -> Some are easier and cheaper to make in other countries

Question 4. What is the GDP of the U

5 Trillion Dollars
12 Trillion Dollars
1 Trillion Dollars
18 Trillion Dollars

Explanation:-

Answer: Option D. -> 18 Trillion Dollars

Question 5. China is known as:

The red invasion
The communist threat
The world's factory
The best economic system

Explanation:-

Answer: Option C. -> The world's factory

Question 6. Express the following interval in Set notation:(-63, -62)

-63 ≤ x ≤ -62
-63 < x ≤ -62
-63 ≤ x < -62
-63

Explanation:-

Answer: Option D. -> -63

Question 7. Shrimp caught off the coast of Maine are flown to Asia

import
export

Explanation:-

Answer: Option B. -> export

Question 8. Express the following interval in Set notation:[14

14.2 ≤ x ≤ 19.6
14.2 < x ≤ 19.6
14.2 ≤ x < 19.6
14.2 < x < 19.6

Explanation:-

Answer: Option C. -> 14.2 ≤ x < 19.6

Question 9. Express the following interval in Set notation:(-7, 15]

-7 ≤ x ≤ 15
-7 < x ≤ 15
-7 ≤ x < 15
-7 < x < 15

Explanation:-

Answer: Option B. -> -7 < x ≤ 15

Question 10. Express the following in Interval Notation-9 < x < -8

[-9, -8.5]
[-9, -8.5)
(-9, -8.5]
(-9, -8.5)

Explanation:-

Answer: Option D. -> (-9, -8.5)