Voluntary Trade

Voluntary Trade

6th Grade

5 Qs

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Voluntary Trade

Voluntary Trade

Assessment

Quiz

Geography

6th Grade

Medium

Used 3+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is voluntary trade?

when a list is passed around at a meeting and person agrees to trade on a certain day

when one country volunteers another country to trade

when two countries agree to trade with each other and both profit from the trade

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When something limits or stops trade with another country, it is called...

entrepreneur

trade barrier

economic continuum

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why do most countries choose to specialize in producing certain goods and not all the goods their citizens need?

Countries cannot produce all of the goods their citizens need but can efficiently produce certain goods

Countries are lazy and don't want to do the extra work

Citizens do not like when their countries produce all of the goods

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A company in Brazil needs to know the following information: 1 US Dollar=5.14 Brazilian Reals. Why does the company need this information?

The company wants to stop using Brazilian Reals.

The company wants to trade with an American company and needs to know what the currency is worth .

The company ran out of American dollars.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An agreement between Canada, United States, and Mexico to create a free trade zone is known as

Environmental Protection Agency (EPA)

Embargo

North American Free Trade Agreement (NAFTA)