Apex Economics Unit 4 Test Review

Apex Economics Unit 4 Test Review

12th Grade

25 Qs

quiz-placeholder

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Apex Economics Unit 4 Test Review

Apex Economics Unit 4 Test Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Jessica Cruz

Used 9+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

New shipping technologies and easier trade between countries is a result of

trade barriers

globalization

trade blocs

industrialization

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a drawback of globalization?

Decreased pollution

Poor workers don't always see benefits

Less competition

Business owners see increased profits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the price of goods continues to rise each year, the country is experiencing

inflation

labor shortages

increased social programs

trade bloc side effects

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At the end of World War II, many countries had currency that was worthless. This resulted in high levels of

international trade

market capital

competition

inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One major benefit to trading is that countries are able to gain

access to natural resources

more valuable currency

workers from other places

new businesses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Increased trade between nations leads to countries focusing on a few specific products. This is

globalization

specialization

deflation

trade deficits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States produces more cars than its trading partners. The US has

absolute advantage

trade surplus

trade deficit

comparative advantage

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