International Business.
Explore economic systems, international trade, business law, and the decisions that connect global markets.
Build a solid foundation.
Global perspective. Practical decisions. Start with the topics below, then test your understanding with deliberate practice.
Individual objective test, followed by an interactive role-play for qualifying teams of one to three. The objective test contains 100 questions in 50 minutes.
- 01Fundamental Economic Concepts20%
- 02The Nature of Business20%
- 03Economic Systems20%
- 04Impact of Government5%
- 05Business Law5%
- 06Global Trade30%
A country can produce a good at a lower opportunity cost than another country. What does it have?
Reveal the answer
Comparative advantage
Comparative advantage compares opportunity costs. It can create gains from trade even when one country is more productive at producing every good.
Explore concept explanations and examples →
Your preparation checklist
- Read the current event guidelines and identify the knowledge areas.
- Practice a small set of questions and review each explanation.
- Use flashcards to return to concepts you find difficult.
- Rehearse an interactive presentation under the event’s timing rules.
- Review your results and choose one area for the next session.