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INTERNATIONAL TRADE

Authored by Meeranath Premjith

Social Studies

9th Grade

10 Questions

CCSS covered

Used 15+ times

INTERNATIONAL TRADE
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To focus on producing one thing to improve productivity is known as:

Specialization
International trade
Absolute Advantage
Supply and Demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a tax on imports that is used to increase price of foreign products and raise government revenue. 

tariff
quota
subsidy
embargo

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A means of preventing a foreign product or service from freely entering a nation's territory.

trade surplus
trade embargo
trade barriers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The lowering or elimination of protective tariffs and other trade barriers between two or more nations.

free trade
protectionism
balance of trade

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An excess of imports over exports.

trade surplus
trade deficit

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

INTERNATIONAL TRADE is...

the exchange of goods, and services across international borders or territories

the exchange of capital, goods, and services

the exchange of capital, goods, and services across international borders or territories

the exchange of goods across international borders or territories

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Some companies sell their product in overseas markets at a much lower price than their actual cost of producing. What is that product called?

Discounting

Dumping

Increase the price

Falling the price

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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