
Voluntary Trade Quiz
Authored by Gregory Love
Social Studies
6th Grade
Used 29+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a quota?
The United Kingdom taxing Germany 10% on imported steel
North Korea refusing to trade with the U.S. because they have a capitalist economy
Canada enabling free trade with Mexico to eliminate previous quotas
Russia limiting the amount of imported Uranium from Germany
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has recently left the European Union?
Germany
United Kingdom
Switzerland
France
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the exchange rate of a country falls, what happens to value of that country's currency?
it will fall
it will stay the same
it will rise
it will disappear
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did adopting the Euro benefit European Union member-states?
It allowed member-states to economically specialize
It eliminated the need for currency exchange among member-states
It created another barrier to trade with non-members
It lowered the value of the U.S. dollar to make European countries more relevant
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main purpose of starting the European Union?
To stop the Nazi's
To encourage sanctions ( trade barriers) against Russia
To promote free/voluntary trade throughout Europe
To end the Cold War on peaceful terms throughout Europe
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following countries has the LEAST amount of economic freedom ( is the closest to command-based economy)?
Russia
Germany
The United Kingdom
The United States
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the most common type of economy in the world?
traditional
pure market
pure command
mixed market
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