International Business Vocabulary

International Business Vocabulary

9th - 12th Grade

10 Qs

quiz-placeholder

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International Business Vocabulary

International Business Vocabulary

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

CCSS
RI.11-12.7, RI.9-10.7, RL.11-12.7

+2

Standards-aligned

Created by

Victoria Flynn

Used 52+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An import quota is a

tax on import quantities above the legal limit.
way to increase tariff revenues for the exporting country.
legal limit on the amount of a good that can be imported into a country.
legal incentive for members of WTO to increase their exports of a good or service.

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are tariffs?

political boundaries between nations
military blockades of specific countries
disputes between state governments over boundaries
taxes on the import or export of goods from a country

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When one country refuses to trade with another country because of political or infringements of human rights it is called:

standard of care
subsidy
subsidy
embargo
revenue tariff

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

refusing to buy, sell or use certain products or companies

rebellion

boycott

tax

rebellion

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why are most countries better off specializing in the production of particular goods, and then trading with other nations to obtain whatever else they need? 

Transportation costs are lower than they were a century ago.
Resources are not evenly distributed among countries.
Greater investment of capital goods increases productivity.
People have limited resources to satisfy unlimited wants. 

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An import is a

Good/service brought into a country
Good/service sent to another country
Good brought into a country

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An export is a

Good/service brought into a country
Good/service sent to another country
Good brought into a country

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