International Trade
10th Grade
•9 Qs
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International Trade
Quiz
•
Social Studies
•
10th Grade
•
Medium
Kelly Crampton
Used 7+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Succession of increasing trade barriers between nations
Trade War
Embargo
Tariff
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any law that limits free trade between nations
Embargo
Trade Barrier
Quota
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limit on the amount of a product that can be imported
Quota
Shipment
Specialization
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability of one trading nation to make a product more efficiently than another trading nation
Absolute Advantage
Comparative Advantage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A trading nation's ability to produce something at a lower opportunity cost than that of another trading nation
Absolute Advantage
Comparative Advantage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation that occurs when individuals or businesses produce a narrow rand of products
Tariff
Quota
Specialization
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which producers in one nation depend on others to provide goods and services they do not produce
Economic Independence
Economic Interdependence
World Economy
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A law that cuts off trade with a specific country
Embargo
Legislation
Economic Interdependence
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fee charged for goods brought into one country from another
Trade Barrier
Quota
Tariff
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