Voluntary Trade

Voluntary Trade

6th Grade

10 Qs

quiz-placeholder

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Voluntary Trade

Voluntary Trade

Assessment

Quiz

Social Studies

6th Grade

Medium

Created by

Brian C Rheberg

Used 189+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of specialization?

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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