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Module 3 Globalization Quiz

Authored by Fiona Daubon

Other

12th Grade

Used 3+ times

Module 3 Globalization Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

When a country exports more than it imports, it has a trade _________.

surplus

balance

deficit

excess

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

When a country produces a particular good better than another country, it is said to have a/an?

comparative advantage

global advantage

competitive advantage

national advantage

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Protectionism refers to putting ______ on foreign trade to protect businesses.

limits

embargos

quotas

tariffs

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A quota is an example of a(n) ______ .

trade barrier

tariff

trade alliance

embargo

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

______ occurs when there are few or no limits on trade between countries.

Free Trade

Globalization

Limited Competition

Protectionism

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

______ usually are used for political or military reasons.

Embargos

Tariffs

Trade barriers

Quotas

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

NAFTA combines the economies of what three countries?

Mexico, Canada, United States

Canada, United States, England

Mexico, Texas, Canada

United States, England, Australia

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