Which strait is a major chokepoint for oil shipments from the Persian Gulf?
Answer
Strait of Hormuz
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Which strait is a major chokepoint for oil shipments from the Persian Gulf?
Answer
Strait of Hormuz
What is the name of the trade route that linked China to Europe via Central Asia?
Answer
Silk Road
Which organization sets rules for international trade?
Answer
World Trade Organization
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Which organization sets rules for international trade?
Answer
World Trade Organization
Which currency is most commonly used in international trade?
Answer
US dollar
What is the term for a tax on imported goods?
Answer
Tariff
What is the name of the canal that connects the Atlantic and Pacific Oceans?
Answer
Panama Canal
What is the term for the percentage of the working-age population that is employed or actively seeking work?
Answer
Labor force participation rate
What is the percentage of total production capacity that an economy is actually using?
Answer
Capacity utilization