International Trade Review

International Trade Review

9th - 12th Grade

15 Qs

quiz-placeholder

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International Trade Review

International Trade Review

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Used 82+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the result of nations specializing in the production of goods?

decreasing prices

economic efficiency

self-sufficiency

incentive to trade

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A nation can have an absolute advantage without having a comparative advantage in production.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the difference between nations exports and imports?

Balance of Trade

Real GDP

Comparative Advantage

Absolute Advantage

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Measures the price of one nation's currency in terms of another nation's currency

interest rates

exchange rates

discount rates

inflation rates

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who benefits from the depreciation of the Japanese yen relative to the Euro?

European consumers of European Goods

Japanese consumers of Japanese Goods

European consumers of Japanese Goods

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is NOT an example of a trade barrier?

Tariff

NAFTA

Embargo

Quota

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What argument for protection believes that new or emerging industries should be protected.

National Defense

Protecting domestic jobs

Infant Industry

Keeping money at Home

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