Foreign Trade

Foreign Trade

10th Grade

23 Qs

quiz-placeholder

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Foreign Trade

Foreign Trade

Assessment

Quiz

History

10th Grade

Medium

Created by

Becky Johannesen

Used 11+ times

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23 questions

Show all answers

1.

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

Absolute Advantage
Comparative Advantage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A tax placed on imports

Tax
Tea
Tariff
Fee

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tariff....

Encourages people to buy goods made from their country.
Increases trade between other countries.
Stops trade completely.
Only placed to encourage democracy.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

NAFTA caused trade barriers to be reduced resulting in-

surge in immigration
decline in factory production
decrease in price of goods
rise in taxes on products

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A U.S. auto manufacturer plans to relocate plant operations to Mexico as a result of the North American Free Trade Agreement (NAFTA). Which criticism of free trade agreements would be based on this relocation?

The demand for U.S. automobiles will decrease.
The cost for producing U.S. automobiles will increase.
U.S. automotive designers will have to create more efficient cars.
U.S. automotive factory workers will have to compete with foreign workers.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose NAFTA?

To reduce trade barriers among the US, Canada, and Mexico
To reduce trade barriers among Central America and Mexico
To reduce trade barriers among Brazil and Mexico
To encourage free trade between the US, Europe, and Canada

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Domestic goods and services sold to buyers in other nations.

Import
Export
Interdependance
Surplus

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