
Trade Vocabulary
Geography
7th Grade - University
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8 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Goods and services shipped into a country are known as:
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A benefit given by a government to an industry to make them more competitive. It lowers their cost to produce something, potentially increasing their profit is a...
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limited number of a certain product that is allowed to be imported from another nation is a...
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability to produce something using fewer resources than other producers is called having the...
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic policy aimed at limiting the number of imports from other countries to try to aid businesses within a country by taxing or placing a quota is called...
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability to produce something at a lower opportunity cost than other producers is having the...
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sending goods and services to another country are called...
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