
International Trade
Authored by Barbara MacFarlane
Social Studies
12th Grade
Used 31+ times

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20 questions
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1.
DROPDOWN QUESTION
1 min • 1 pt
requiring or relying on something (a)
2.
DRAG AND DROP QUESTION
1 min • 1 pt
the ability to produce a good or service more efficiently than another country can produce the same good or service (a)
3.
DROPDOWN QUESTION
1 min • 1 pt
the ability to produce a good or service at a lower opportunity cost than another country (a)
4.
DROPDOWN QUESTION
1 min • 1 pt
the act of limiting the kinds of goods and services produced (a)
5.
DROPDOWN QUESTION
1 min • 1 pt
When one country has an absolute advantage in producing a product, then that country can typically benefit by (a) that product.
6.
DRAG AND DROP QUESTION
1 min • 1 pt
Remember that (a) is the loss of potential gain from other alternatives when one alternative is chosen. (you may have to look it up?)
7.
DRAG AND DROP QUESTION
1 min • 1 pt
If the opportunity cost for producing a particular good is lower for one country than for a second country, the first country has a (a) for producing the good.
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