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International Trade

Authored by Catherine Bollwerk

Social Studies

12th Grade

Used 7+ times

International Trade
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5 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The price of one nation's currency in terms of another nation's currency is called

exchange rate

discount rate

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

legal limit on the amount of a good that can be imported into a country.

quota

embargo

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

taxes on the import or export of goods from a country

embargo

tariff

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Countries around the world specialize production, and trade with other countries based upon

amount of capital available to produce with

comparative advantage in production

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When a country experiences a depreciation of its currency, it can expect which of these to happen?

balance of trade to improve

balance of trade to worsen

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