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Economics-Trade Vocabulary

Authored by Hannah Zboray

Specialty, Other Sciences, Other, English

7th - 12th Grade

Used 630+ times

Economics-Trade Vocabulary
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When countries rely on each other for resources, goods, or services. 

Specialization
Interdependence
Scarcity
Trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The money that each country has, like paper bills and coins

scarcity
exchange rate
currency
tariff

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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To swap products with someone

Trade
Specialization
Exchange rate
Import

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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When there isn't enough of something

Embargo 
Quota
Specialization
Scarcity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Trading between countries

Exchange rate
Embargo
International trade
Voluntary trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Any action a government uses to control trade between countries

Trade barrier
Voluntary trade
Free trade
Specialization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When people trade because they both want what the other person has

Trade barrier
Voluntary trade
International trade
Free trade

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