International Trade
Authored by LaQuinta Beavers
Other
10th - 12th Grade
Used 832+ times
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23 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A good or service produced in the home country and sold in another country.
import
export
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A good or service brought in from another country for sale.
import
export
tariff
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The ability to produce more of a given product using a given amount of resources.
comparative advantage
absolute advantage
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The ability to produce a product most efficiently given all the other products that could be produced.
absolute advantage
comparative advantage
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A means of preventing a foreign product or service from freely entering a nation's territory.
trade surplus
trade embargo
trade barriers
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A tax on imported goods.
import
export
tariff
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A limit on the amount of a good that can be imported.
import quota
export quota
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