International Trade 2

International Trade 2

12th Grade

21 Qs

quiz-placeholder

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International Trade 2

International Trade 2

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

benjamin dotson

Used 8+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The exchange of goods and services by sale or barter driven by the need for resources.

Fair Trade

Globalization

Trade

Standard of Living

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Sending goods to another country to sell.

import

export

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Bringing goods in from another country to sell.

import

export

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (money to assist an industry so prices can remain low).

Free Trade

Trade War

Goods and Services

Supply and Demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A three-country trade agreement negotiated by the governments of Canada, Mexico, and the United States that took effect in 1989.

The UN

NAFTA

NATO

IMF

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the economy of two countries depend on each other, it's called:

economic interdependence

multinational cooperation

isolationism

outsourcing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When people trade how do both sides benefit?

Countries can focus on producing specific goods from their natural resources instead of trying to create everything they need

Countries can take advantage of each other making the international market more secure

Countries are able to learn the weaknesses of other countries and exploit those for natural resources

Countries are able to enter other countries with spies and foreign agents to undermine governments.

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