Trade and Development
Quiz
•
Social Studies, Geography
•
7th Grade
•
Practice Problem
•
Medium
Scott Steward
Used 37+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term refers to the type of buying and selling that takes place within a country?
free trade
international trade
productivity
domestic trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a likely result of trade barriers?
reduced competition
lower prices
more choices
increase in imports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a feature of a developed country?
high tariffs
lower standards of living
a strong economy
lower productivity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do countries trade goods and services?
because they want to reduce interdependence
because they do not have all the goods and resources they need
because they want to help other countries grow
because they want to protect domestic industries from competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a way to increase economic development?
raising taxes
investing in education
limiting trade
lowering wages
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The exchange of goods and services.
productivity
tariff
profit
trade
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What a country is good at producing, or its ability to produce a product more efficiently than other products.
tariff
trade
comparative advantage
gross domestic product
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