Specialization and trade

Specialization and trade

5th - 8th Grade

10 Qs

quiz-placeholder

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Specialization and trade

Specialization and trade

Assessment

Quiz

Social Studies

5th - 8th Grade

Medium

Created by

Melanie Miller

Used 77+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country focuses on a particular type of good or service.

Command

Specialization

Market

Traditional

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country specializes in a good or service, the more it will need to

Trade with other countries

Stop all trade

Charge more taxes

Increase tariffs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Latin American country is the region's largest exporter?

Brazil

Mexico

Cuba

Canada

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tariff?

A limit on imports

A total block on trade

A tax on imports

Raw sugar

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is a reason a government might set a quota on foreign goods?

To protect its own natural resources

To encourage investment in human capital.

To protect its own businesses from competition.

To increase taxes on exports.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States' ban on trade with Cuba is an example of which type of trade barrier?

Tariff

Quota

Embargo

Subsidy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main goal of NAFTA?

To limit trade with Cuba

To increase trade with Brazil

To increase trade between North American countries

To increase tariffs with Mexico, Canada and the USA

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