International Trade pt. 2

International Trade pt. 2

12th Grade

10 Qs

quiz-placeholder

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International Trade pt. 2

International Trade pt. 2

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Neil Womack

Used 6+ times

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10 questions

Show all answers

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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