International Trade Quiz

International Trade Quiz

9th - 12th Grade

10 Qs

quiz-placeholder

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International Trade Quiz

International Trade Quiz

Assessment

Quiz

Created by

Briana Ferguson-franklin

Social Studies

9th - 12th Grade

1 plays

Hard

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The key reason why international trade has increased so rapidly is due to

the rise of dictators.

a change in consumer tastes

technological advancements and trade agreements

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The growing increase in international trade along with the development of technology has fostered

many wars

an increase in world poverty

globalization

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In most cases, what determines the goods and services a country decides to export?

The World Trade Organization

When a country has comparative advantage or an absolute advantage

Globalization

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a benefit of international trade?

It allows countries to more efficiently use their resources and leads to a higher standard of living

Companies gain access to more markets leading to more profits, which leads to reinvestment back home

Consumers gain access to a greater variety goods

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Comparative advantage: Because each nation has limited natural resources, a country must weigh its best options or ________ when using natural resources to produce a particular good or service for export.

opportunity costs

government structure

military strength

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The negative impact of international trade can be

the displacement of workers

environmental damage

trade imbalances

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With international trade, it is best for a country to have a...

trade deficit

trade surplus

a displacement of workers

None of the above

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