
International Trade Study Guide
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Medium
Justin McCown
Used 3+ times
FREE Resource
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16 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
_________ are goods and services produced in one country and sold to other countries.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
______ are goods and services purchased by one country from another country.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
When a country can produce a good or service more efficiently than other countries is called______ advantage
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
what is a tax imposed on imported good?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a Protective Tariff
To generate government revenue
To promote international cooperation
To shield domestic industries
To encourage Free Trade
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Infant Industries Argument suggests:
Protecting newly established industries
Limiting all international trade
Eliminating tariffs
Advocating for fixed exchange rates
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country with a Trade Surplus:
Exports more than it imports
Imports more than it exports
Has a balanced trade
Has a flexible exchange rate
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