International Trade and Globalization

International Trade and Globalization

10th Grade

45 Qs

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International Trade and Globalization

International Trade and Globalization

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Daniel Munns

Used 1+ times

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45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

To focus on producing one thing to improve productivity is known as:

Specialization
International trade
Absolute Advantage
Supply and Demand

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If I am better at all types of production, I have the ______ in all forms of production.

Comparative advantage
Specialization
Absolute advantage
developed nation

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A trade agreement between 27 countries of with the same currency and open trade between those nations.

NAFTA
EU
WTO
ABC

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A trade agreement between Canada, Mexico, and the US

NAFTA
EU
WTO
ABC

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

This is a tax on imports that is used to increase price of foreign products and raise government revenue. 

tariff
quota
subsidy
embargo

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

This trade barrier limits the number of products that can be brought into a country.

Tariff
Quota
Embargo
Subsidy

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If nations limit trade in of clothing who will benefit?

Domestic Consumers of clothing
Domestic producers of clothing
Foreign Producers of clothing 
department stores who sell clothing

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