History Trade

History Trade

KG - 12th Grade

•

30 Qs

quiz-placeholder

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History Trade

History Trade

Assessment

Quiz

•

History

•

KG - 12th Grade

•

Practice Problem

•

Hard

Created by

Mohammed Raja

Used 2+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is Trade?

Trade is the exchange of goods and services.

Trade is the exchange of food

Trade is the exchange of cars within a country

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why does trade take place?

Trade takes place because individuals, companies, and countries have different needs.

Trade takes place because people need money

Trade takes place because countries want to export products

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are two types of trade?

International Trade

Domestic Trade

Export Trade

Import Trade

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is Demand

The amount of goods and services the customers want to buy

The amount of goods and services the customers want to sell

The amount of goods and services the businesses sell

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is supply

The amount of goods and services the businesses produce

The amount of goods and services the businesses want

The amount of goods and services the countries want to buy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In early history, most trade was in the domestic market. Give reason.

because transport did not provide access to an international market.

because money did not provide access to an international market.

7.

MULTIPLE SELECT QUESTION

1 min • 1 pt

What are the advantages of Domestic Trade

Domestic trade keeps money within a country where it can help local economies to grow.

People are being encouraged to buy food that is produced locally.

The country becomes popular in international trade

Money can go to the WTO

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