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Unit 10.3.5 - Global Trade & Trade Policy

Authored by Autumn Weigel

Social Studies

9th - 12th Grade

Used 4+ times

Unit 10.3.5 - Global Trade & Trade Policy
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is central to the operations of a market-based economy?

the basic laws of supply and demand

the productivity of subsistence farmers

the labor force and natural resources of the country

the allocation decisions of the government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of organization is the North Atlantic Treaty Organization (NATO)?

a global bank

a military alliance

a humanitarian agency

a trading partnership

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a benefit of trade?

job growth

larger markets

natural resource conservation

increased production efficiency

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the BEST example of specialization?

general assistant

handyman who fixes various house problems

Walmart employee

brain surgeon

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is central to the operations of a command economy? Think North Korea.

the allocation decisions of the government

the productivity of subsistence farmers

the labor force and natural resources of the country

the basic laws of supply and demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of competition drives production decisions in a market-based economy?

competition among consumers to buy goods

competition between businesses to make money

competition between governments for territory

competition among producers for natural resources

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a type of economic barrier?

quota

embargo

common currency

tariff

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