
Trade and Comparative Advantage
Authored by Marian Hall
Social Studies
9th Grade
Used 2+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which type of country is most dependent on a ground transportation network for international trade?
Landlocked
Coastal
Island
Tropical
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which statement best explains why nations must trade?
All nations belong to free trade agreements.
All nations seek out new production methods.
No nation has all necessary resources.
No nation can employ all of its laborers.
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which country has many resources, but is unable to use them because of climate and other problems?
United States
Russia
Japan
Germany
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which factor determines a country's ability to exchange goods?
Educational achievement
Access to communication networks
Specialization in certain goods and services
Standards of living
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which country has a diversified economy, abundant natural resources, and specialized industries?
Switzerland
Russia
Japan
United States
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The United States imports oil from Saudi Arabia. Japan exports cars to the United States. The United States sells high technology to Saudi Arabia. Which of the following is a valid conclusion that can be drawn from these statements?
Most nations of the world specialize in one export.
The nations of the world are economically interdependent.
The U.S. is the world’s leading exporter.
Saudi Arabia controls most of the world’s natural resources.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods and services produced in other countries and sold at home
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