
International Trade pt. 2
Authored by Neil Womack
Social Studies
12th Grade
Used 6+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Toyotas are made in Mexico and then shipped to the USA. Toyotas are an to Mexico and an to the United States.
Export, Export
Export, Import
Import, Export
Import, Import
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a country’s currency changes value based on the supply and demand for that currency (example: the US Dollar), what type of exchange rate does it have?
Hooking exchange rate
Floating exchange rate
Grounded exchange rate
Fixed exchange rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not a barrier to trade?
NAFTA
QUOTA
TARIFF
EMBARGO
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is an economic and trade agreement between European countries?
NAFTA
EU
ASEAN
WTO
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________ has decreased over the last 100 years because a Hersey’s chocolate bar used to cost $.05 and now costs $1.00.
Inflation
Purchasing Power
Exchange Rate
International Trade
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The US government requires that all imported toys have no lead paint on them. This is an example of what?
Embargos
Tariffs
Standards
Subsidies
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would encourage customers to buy American-made products?
Tariffs
All of these answer choices
Quotas
Subsidies
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