
Trade
Quiz
•
History
•
10th Grade
•
Hard
Used 22+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Only producing certain goods instead of everything you need is known as
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Country A can produce coffee beans at a lower opportunity cost than Country B, then Country A has a(n) ____________________ in the production of coffee beans
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Country A can produce 10 tvs/hour and Country B can produce 6 tvs/hour, then Country A has an _______________
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If Spain's opportunity cost for producing wine is 1.5 cars and France's opportunity cost for producing wine is 0.8 cars, which country has a comparative advantage in wine production?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
International trade
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability to produce something using fewer resources than other producers is called having the...
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tax placed on imports
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