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Voluntary Trade Comprehension Check

Authored by Amber Roe

Social Studies

7th Grade

Used 46+ times

Voluntary Trade Comprehension Check
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14 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are two advantages of specialization?

Lower costs

more options

faster production

reduced taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What trade barrier restricts the quantity of an item that is brought into a country?

tariff

quota

embargo

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of trade barrier involves adding a special tax on imported goods?

quota

supply and demand

embargo

tariff

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of specialization in many Middle Eastern countries?

Religion

Water

Oil

Oranges

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an embargo?

a limit on the amount of goods a country can export to another country

tax on imported goods

Complete ban on trading between two countries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the United Nations punish Iraq when it invaded Kuwait in 1990?

they stopped donating to poor people in Iraq

Placed an embargo against Iraq, only allowing enough oil exports to buy food

they forced Iraq to give their oil to Saudi Arabia

they raised the tariff on oil from Iraq

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why has the US placed several embargoes against Iran over the past two decades?

the US wanted to allow domestic companies to compete fairly with foreign companies

the US does not like Iran

we do not share the same government system, and cannot trade because of that

Iran's involvement with Terrorism

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