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Mgmt. Ch 4 International Trade

Authored by Victoria Flynn

Social Studies

8th - 12th Grade

Used 6+ times

Mgmt. Ch 4 International Trade
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30 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What would be one consequence of a prolonged decline in the value of the euro relative to the U.S. dollar?

European exports to the United States would become less expensive.
U.S. exports to Europe would become cheaper.
European imports from the United States would increase.
U.S. imports from Europe would become more expensive.U.S. imports from Europe would become more expensive.

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is one advantage of establishing trade barriers rather than allowing free trade?

an increase in local regulations
the improvement of foreign relations
the protection of domestic industries
a reduction in foreign product prices

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How would inexpensive lumber from Canada affect the U.S. market for new homes?

Prices of new homes would increase.
Credit available for new homes would increase
Prices of new homes would decrease
Transaction costs for new homes would decrease.

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the most likely effect of a U.S. import quota on foreign cars?

The price of domestic cars would decrease because of improved production methods.
Foreign automobile manufacturers would be allowed to sell more cars in the United States
Domestic automobile manufacturers would sell more cars in markets in the United States
The price of cars would increase in foreign countries because of the trade restrictions

5.

MULTIPLE CHOICE QUESTION

2 mins • 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

2 mins • 1 pt

Who are the main trading partners of the US?

Germany, Great Britain, China, and France
the Central American countries
Canada, Mexico, and China
the Middle Eastern countries

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the US dollar appreciates relative to the Canadian dollar, what is a likely outcome?

trade surplus in US
trade deficit in Canada
trade deficit in both
trade surplus in Canada

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