Economics Terms, E.1-E.3

Economics Terms, E.1-E.3

5th - 8th Grade

25 Qs

quiz-placeholder

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Economics Terms, E.1-E.3

Economics Terms, E.1-E.3

Assessment

Quiz

Geography

5th - 8th Grade

Medium

Created by

Anonymous Anonymous

Used 32+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tariff is when a _______ is put on an imported good...
Tax
Limit
Block
Quota

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A block or restriction on trade with another country is called...
Tariff
Embargo
Quota

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country might place a limit or __________ on another country to weaken their economy.
Embargo
Tariff
Quota
Free-Trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Free trade means what?
the countries use the same currency
No trade barriers
there is a quota on some goods
trade is quick and easy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When one company or country depends on or relies on another, this is called?
Import 
Specialization
Interdependent
Export

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A focus on developing only certain skills or producing only certain goods/services that they do best; this is called what?
Imports
Exports
Specialization
Globalization

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A term for a unit of money is called what?
credit cards
taxes
tariff
currency

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