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International Trade and Globalisation
Practice Questions

20 CIE IGCSE Economics questions on International Trade and Globalisation, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for International Trade and Globalisation.

Try 2 sample questions on International Trade and Globalisation

Question 1 · 1 mark · Difficulty 1/3

Which organisation is responsible for setting and enforcing rules for international trade between member nations?

  1. The International Monetary Fund (IMF)
  2. The World Bank
  3. The United Nations (UN)
  4. The World Trade Organization (WTO)
Show answer & explanation
✓ Answer: D — The World Trade Organization (WTO)
The WTO sets the multilateral rules governing international trade and provides a forum for resolving trade disputes between member countries. The IMF focuses on monetary cooperation and financial stability. The UN has a broader political remit. The World Bank provides development loans rather than trade regulation.
Question 2 · 1 mark · Difficulty 2/3

Which of the following best defines 'comparative advantage' in international trade?

  1. The ability to produce a greater variety of goods than trading partners
  2. The ability to produce a good at a lower opportunity cost than another country
  3. The ability to produce a good using fewer resources than any other country
  4. The ability to export more goods than are imported in a given year
Show answer & explanation
✓ Answer: B — The ability to produce a good at a lower opportunity cost than another country
Comparative advantage refers to producing a good at a lower opportunity cost relative to another country, not necessarily using fewer resources (that is absolute advantage). A trade surplus describes exports exceeding imports, which is unrelated to comparative advantage. Producing a wider variety of goods does not define comparative advantage.
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20 questions · 25 min · free

CIE IGCSE Economics: International Trade and Globalisation FAQ

How many CIE IGCSE Economics questions on International Trade and Globalisation are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on International Trade and Globalisation for CIE IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix International Trade and Globalisation practice with other Economics topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the International Trade and Globalisation questions aligned to the official CIE IGCSE Economics syllabus?
Every question is written against the published CIE IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is International Trade and Globalisation typically tested on CIE IGCSE Economics papers?
International Trade and Globalisation appears across multiple question types on real CIE IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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