Unit 9 Review- Globalization & Trade

Unit 9 Review- Globalization & Trade

9th - 12th Grade

•

40 Qs

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Unit 9 Review- Globalization & Trade

Unit 9 Review- Globalization & Trade

Assessment

Quiz

•

Social Studies

•

9th - 12th Grade

•

Medium

Created by

Allison Glenn

Used 19+ times

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40 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If you have a "comparative advantage" in the production of a good/service, it means you have:

A natural inherited talent for the production of the good/service

A lower opportunity cost for the production of the good/service

More available free time to pursue your interests and career goals

A higher position of authority within society than someone without a comparative advantage

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If you export more goods than you import, your country will have a trade ____________________.

Deficit

Surplus

Comparative Advantage

War

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

True or False: The U.S. typically exports more than it imports.

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Taxes on imports/exports are called:

Fiscal Taxes

Import Quotas

Standard Deductions

Tariffs

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The exchange of goods and services by sale or barter driven by the need for resources.

Fair Trade

Globalization

Trade

Standard of Living

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Sending goods to another country to sell.

import

export

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Bringing goods in from another country to sell.

import

export

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