Globalization and International Trade

Globalization and International Trade

University

15 Qs

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Globalization and International Trade

Globalization and International Trade

Assessment

Quiz

Business

University

Medium

Created by

Jeff Malcolm

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Watches made in Norway are worn by people in California.

import 
export

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Tires made in Tennessee factories are used on cars in Europe.

import
export

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why does the United States need to import products?

The US does not import products
Some are easier and cheaper to make in other countries
The US makes all of its own products

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Import means

buying goods from another country
selling goods to another country
only making one kind of product

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Export means

buying goods from another country
selling goods to another country
only making one kind of product

6.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Media Image

money that is used within a specific area or country

exchange

currency

Euro

Eurozone

exchange rate

7.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Media Image

the rate at which one currency is exchanged for another

exchange

currency

Euro

Eurozone

exchange rate

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