Econ Unit 5 Key Terms

Econ Unit 5 Key Terms

12th Grade

10 Qs

quiz-placeholder

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Econ Unit 5 Key Terms

Econ Unit 5 Key Terms

Assessment

Quiz

Social Studies

12th Grade

Easy

Created by

Rachel Hammond

Used 15+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country buys goods from another country with the intention to resell those goods.

Export

Tariff

Import

Free-trade zone

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country sells goods to another country.

Import

Export

Tariff

Free-trade zone

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country using its own resources to produce all its goods and services, instead of trading with other countries.

Self-sufficiency

Comparative advantage

Protectionism

Globalization

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A means of preventing a foreign product or service from freely entering a nation's territory.

Tariff

Free-trade zone

Trade barrier

Economic sanctions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax on imported goods.

Export

Tariff

Economic sanction

Import

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A region where a group of countries agrees to reduce or eliminate trade barriers.

Free-trade zone

Protectionism

Economic sanctions

Globalization

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The use of trade barriers to protect a nation's industries from foreign competition.

Self-sufficiency

Globalization

Protectionism

Economic sanctions

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