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Specialization & Trade Comprehension Check - Element A.

Authored by B F

Social Studies

6th Grade

Specialization & Trade Comprehension Check - Element A.
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8 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The focusing on a narrow range of products/services that can be produced most efficiently and cost-effectively.....

Voluntary Trade

Specialization

Trade Barriers

Quotas

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

TRUE OR FALSE: Voluntary trade is when only one partner freely agrees to and benefits from the exchange of goods/services.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Because countries cannot produce all of the goods/services that they need....

they will have to get their goods/services from elsewhere.

they must specialize in what they do best.

they will have to do without having those goods/services.

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

TRUE OR FALSE: Trade barriers are natural or man-made obstacles to voluntary trade.

True

False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Specialization is an _______ way to work, and the cost of items produced is _______.

easy ; doubled

efficient ; lower

important ; cut in half

effective ; higher

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Specialization _______ trade because a country can get what it needs at the lowest cost.

Decreases

Increases

Slows Down

Speeds Up

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Countries trade goods because.....

it'll make less labor for the country.

it helps save money.

no country has all the resources necessary for production.

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