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Social Studies

7th Grade

Used 77+ times

Economic Systems & Trade
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23 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A barrier is meant to 

encourage the flow of trade
block or slow down trade
make people obey the government 

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a country limits the amount of an imported good, they are using a 

embargo
tariff
quota

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When a country refuses to trade with others it is participating in a trade ______

tariff
embargo
quota

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tariff is a ______

tax placed on imported goods
a limit placed on imported goods
a stop of all trade 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Company XYZ produces cheese in Scotland and exports the cheese, which costs $100 per pound, to the United States. A 20% tax would require Company XYZ to pay the United States government $20 to export the cheese. This is a(n)...

Tariff

Quota

Embargo

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 2010, Mexico imposed a limit of 250,000 tons of sugar that could be imported into Mexico. This is a(n)...

Tariff

Quota

Embargo

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In 1962, the United States prohibited all imports and exports to and from Cuba. This is a(n)...

Tariff

Quota

Embargo

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