The Global Economy
Authored by Amy Devane
Geography
6th Grade
Used 171+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What a nation specializes in producing has much to do with its resources. T/F
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability to make a product cheaply would encourage a country to produce and export it to other countries.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Countries create quotas and tariffs to increase the volume of trade with their neighboring countries.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the US dollar grows more valuable in relation to the euro, it has also grown more valuable in relation to every other currency.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To narrow one's focus in order to become an expert at producing a particular good or service is to ______________.
Specialize
expand
enlarge
contract
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following phrases defines the word "export"?
to send a product to another country to sell.
to purchase a product from another country.
to place taxes on goods purchased from other countries.
to limit how much of a good can come from other countries.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following phrases defines the word "import"?
to limit how much of a product can come from another country.
to send a product to another country to sell.
to purchase a product from another country
to tax a product from another country.
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