9 Economics - Trade

9 Economics - Trade

9th Grade

20 Qs

quiz-placeholder

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9 Economics - Trade

9 Economics - Trade

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Hard

Created by

Melinda Grummet

Used 102+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tariff?

A government order to stop trade
A limit placed on imports
A tax placed on imports

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tariff....

Encourages people to buy goods made in their country

Increases trade between other countries

Stops trade completely

Only placed to encourage democracy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

refers to the unrestricted flow of goods, services, and productive resources between countries

free trade

balance of trade

trade surplus

trade deficit

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the definition of 'International Trade'?

The buying and selling of goods and services between different countries

Exchanging goods and services within a country

The free movement of people across countries

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select 2 reasons why trade may be beneficial:

increases the total amount of goods and services consumers can access

greater variety of goods available

proximity (distance) to trading partners

amount of natural resources

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select 2 reasons why trade may be beneficial:

imported products may be of higher quality than domestic products

imported products may be significantly cheaper than similar domestic products

how technologically advanced a country is

political & cultural factors influence what is traded

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select 2 reasons why trade may be beneficial:

using cheaper import products helps local business keep costs down and make profits 

domestic industries which import increase jobs available

how technologically advanced a country is

political & cultural factors influence what is traded

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