International Economics Test Practice
Authored by Chad Whitley
Social Studies
12th Grade
Used 122+ times
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75 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability of one person or nation to produce more of a good than another person or nation
Comparative Advantage
Absolute advantage
exports
protectionism
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The use of trade barriers to protect a nation’s industries from foreign competition
Balance of trade
NAFTA
Quotas
Protectionism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Exports minus imports or how many goods a county exports versus imports
Exports
Subsidy
Quotas
Balance of Trade
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A regional trade organization made up of European nations
NAFTA
EU
ASEAN
CARICOM
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Agreement that will eliminate all tariffs and other trade barriers between Canada, Mexico, and the US
NAFTA
EU
ASEAN
CARICOM
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limit of the amount of a good that can be imported
Subsidy
Quota
Exports
Appreciation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A good that is sent to another country for sale
export
import
quota
subsidy
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