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Chapter 4 Review

Authored by Jeff Lemon

Life Skills

9th - 12th Grade

Used 43+ times

Chapter 4 Review
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the exchange of goods and services between nations?

Tariff

Quota

Balance of Trade

International Trade

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

________________ are the goods and services purchased from other countries.

Imports

Exports

Free Trade

Balance of Trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________________ are goods and services sold to other countries.

Imports

Exports

Free Trade

Balance of Trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the USA imported machinery to build computers, once the computer was built the USA then exported the computers to other countries to get their profits back to equal. What is this an act of?

Free Trade

Balance of Trade

Trade Deficit

Trade Barriers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The commercial exchange between nations that is conducted on a free market principle without regulations is known as which of the following?

Tariff

Embargo

Free Trade

Trade Balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax on imports is also known as which of the following?

Free Trade

Quota

Embargo

Tariff

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jim needed 12 cakes for his upcoming fundraiser but the local cake store put a ________________ on the number of cakes that one person could buy so Jim was short 2 cakes.

Tariff

Embargo

Quota

Protectionism

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