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International Trade

Authored by Kelly Crampton

Social Studies

10th Grade

Used 7+ times

International Trade
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9 questions

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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

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