Search Header Logo
Vtrade SW Asia

Vtrade SW Asia

Assessment

Presentation

Geography

7th Grade

Practice Problem

Easy

Used 5+ times

FREE Resource

27 Slides • 6 Questions

1

media

2

media

3

media

4

media

5

media

6

Multiple Choice

What is Voluntary Trade?

1
Voluntary trade is a government-mandated exchange of goods.
2
Voluntary trade occurs only in a barter system without money.
3
Voluntary trade is the forced exchange of goods under duress.
4

Voluntary trade is the exchange of goods or services between countries based on an agreement in which both benefit.

7

media

8

media

9

media

10

media

11

Match

Match the following

Israel specializes their economy in

Saudi Arabia specializes their economy in

Japan specializes their economy in

Diamonds

Oil

Electronics

12

media

13

media

14

media

15

media

16

media

17

media

18

media

19

media

20

Match

Match the following

A tax on imported goods

A limit on imported goods

A complete ban on trade

Tariff

Quota

Embargo

21

media

22

media

23

media

24

media

25

media

26

Multiple Choice

What is currency?

1
Currency is a form of digital art.
2

Currency is something that is assigned value and can be used to purchase goods and services in a market.

3
Currency is a type of investment.
4
Currency is a government-issued identification.

27

Multiple Choice

Why is a system of currency exchange necessary for international trade?

1
It allows countries to trade without any currency at all.
2
It simplifies the process of printing more money for trade.
3
It eliminates the need for tariffs and trade agreements.
4

Countries have different forms of currency, so international trade requires a system for exchanging currencies between nations so that money from one country can be converted into the currency of another country to pay for goods.

28

media

29

media

30

media

31

media

32

media

33

Multiple Choice

What is the purpose of OPEC?

1
To increase oil prices for consumers.
2
To promote renewable energy sources.
3
To regulate global gas prices.
4

To coordinate and unify petroleum policies among member countries.

media

Show answer

Auto Play

Slide 1 / 33

SLIDE