International Trade

International Trade

12th Grade

20 Qs

quiz-placeholder

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International Trade

International Trade

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

ROBERT LANDRAM

Used 52+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

To focus on producing one thing to improve productivity is known as:
Specialization
International trade
Absolute Advantage
Supply and Demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When determining comparative advantage one must determine 
Opportunity cost
Specialization
Absolute Advantage
Embargos 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If I am better at all types of production, I have the ______ in all forms of production.
Comparative advantage
Specialization
Absolute advantage
developed nation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade agreement between 27 countries of with the same currency and open trade between those nations.

USMCA

EU

WTO

ABC

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade agreement between Canada, Mexico, and the US

USMCA

EU

WTO

ABC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are terms used to describe limitations on trade except?
Trade Barriers
Sanctions
Trade restrictions
EU

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This trade barrier limits the number of products that can be brought into a country.
Tariff
Quota
Embargo
Subsidy

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