
Trade
Authored by Aaron Warfield
Social Studies
10th - 12th Grade
Used 2+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is the best example of specialization?
A surf shop lowers the price on swimsuits.
A dryer cleaner spends extra time on grease spots.
An assistant in a tailoring shop only replaces zippers.
An online clothing outlet offers customized monograms.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How does division of labor increase productivity?
Workers require minimal training.
Workers can be paid a lower wage.
Workers become expert at one task.
Workers move often from job to job.
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the main reason Americans specialize more today than the early pioneers did?
We have access to markets.
We have more vocational training.
We depend less on transportation.
We live in less crowded conditions.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In a voluntary exchange, why do people give something up?
to increase their self sufficiency
to get something they want more
to allocate scarce resources fairly
to comply with state requirements
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does it mean to say that Jen has a comparative advantage over Julian for weeding people's gardens?
Jen weeds more quickly than Julian does.
Jen's expertise at weeding is greater than Julian's.
Jen can charge more of weeding than Julian can.
Jen's opportunity cost for weeding is lower than Julian's.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of these is the main reason for national differences in comparative advantage in producing raw materials?
differences in allocations of natural resources
differences in cultural traditions
difference in monetary systems
differences in local business practices
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Why has much clothing manufacturing moved from the United States to other countries?
Most of the market for textile products has shifted overseas.
American workers have a weaker work ethic today than in the past.
Education in this country has not kept up with the needs of the 21st-century economy.
Nations with large, low skilled workforces have a comparative advantage for assembly-line production.
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