International Trade

International Trade

9th - 12th Grade

35 Qs

quiz-placeholder

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International Trade

International Trade

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Cindy Kerce

Used 6+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 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.

NAFTA
EU
WTO
ABC

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade agreement between Canada, Mexico, and the US

NAFTA
EU
WTO
ABC

6.

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a tax on imports that is used to increase price of foreign products and raise government revenue. 

tariff
quota
subsidy
embargo

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