Which is an example of specialization?

Voluntary Trade

Quiz
•
Social Studies
•
6th Grade
•
Medium
Brian C Rheberg
Used 189+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a business makes many different kinds of goods
a country buys all the goods it needs from another country and does not produce any goods themselves
a country makes the Best products with available resources and trades for products the country does not produce.
a violin maker makes a violin for himself by cutting down a tree for wood
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT an example of specialization?
producing the best good possible
using available resources to make goods
trading produced goods for other goods or resources
not producing goods and buying all goods from another country
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tariff, Quota and embargo are all examples of a
trade barrier
specialization
currency exchange
economic system
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tax on imports
embargo
tariff
quota
international currency
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In order to help U.S. car companies sell more cars, some people want to put a limit on the number of cars imported from other countries. This is an example of (a)
embargo
tariff
quota
currency exchange
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country is trying to build by a nuclear arms program that might threatened national security. What is the BEST trade barrier option against that country?
tariff
quota
currency exchange
embargo
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much one currency is worth when compared to another is known as a (n)
tariff
exchange rate
quota
specialization
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