Trade

Trade

6th Grade

10 Qs

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Trade

Trade

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Hard

Created by

Sanjay Manley

Used 254+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What word does NOT refer to the exchange of goods and services

Barter

Trade

Transaction

Indolence

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is a form of international trade?

Trading between China and Jamaica

Trading between Antigua and Jamaica

Trading the Bahamas and Jamaica

Trading between Haiti and Jamaica

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Jamaica sells bauxite to the USA which best describes Jamaica’s action?

Monopoly

Import

Export

Innovation

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which is NOT a reason why people trade? To______

earn valuable foreign exchange

obtain goods they cannot grow or produce

develop healthy relationships with countries

create trade barriers with countries

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Mali is a country which imports more than it exports. How will this affect the economy of Mali? It will _____________

earn a lot of foreign exchange from trade

lose valuable revenue in trading

local producers will make a lot of profit

open more foreign markets for products from Mali

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Every year Mr. Douglas sells 1000 tons of sugar to a company in England. Which word best describes Mr. Douglas?

retailer

importer

exporter

wholesaler

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a special benefit experienced by CARICOM countries when they trade with each other? They _________

pay increased taxes

pay no taxes or pay at a special rate

wait a long time for goods to be processed

develop disagreements which affect trade

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