SW Asia Econ Quiz

SW Asia Econ Quiz

7th Grade

15 Qs

quiz-placeholder

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SW Asia Econ Quiz

SW Asia Econ Quiz

Assessment

Quiz

Geography

7th Grade

Medium

Created by

Ansley Tyler

Used 6+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A tax placed on goods coming into a country from another country is known as

A tariff

A quota

An embargo

A natural trade barrier

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A formal halt to trade with a particular country for economic and political reasons is known as

Tariff

Quota

Embargo

Natural Barrier

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An economic exchange in which all sides agree to participate because they expect to benefit.
International Trade
Voluntary Trade
Economy
Trade barrier

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An undeveloped economy in which customs and habits from the past determine how decisions will be made; may be found in rural areas with high levels of subsistence farming and rely on barter rather than currency.
Mixed
Traditional
Economy
Market

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why do countries need a system for exchanging currencies?

To assist economic growth

To encourage business loans

To conduct international trade

To support commercial treaties

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Kuwait, Saudi Arabia, and Iran all belong to which international organization?

NATO

OPEC

NAFTA

The EU

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Under which economic system does the government make almost all of the economic decisions?

Command (Public)

Market (Private)

Traditional (Custom)

Capitalist (Laws of Supply and Demand)

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