Chapter 6 Vocabulary

Chapter 6 Vocabulary

9th - 12th Grade

18 Qs

quiz-placeholder

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Chapter 6 Vocabulary

Chapter 6 Vocabulary

Assessment

Quiz

History

9th - 12th Grade

Practice Problem

Medium

Created by

Lynda Hannush

Used 7+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • A situation that occurs when individuals of businesses produce a narrow range of products.

Export

Specialization

Import

Comparative Advantage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Goods and services produced in one country and sold to other countries.

Comparative Advantage

Specialization

Export

Import

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Goods and services produced in one country and purchased by another.

Import

Export

Comparative Advantage

Comparative Advantage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • A trading nation’s ability to produce  something at a lower cost than that of another trading nation.

Comparative Advantage

Specialization

Trade barrier

Quotas

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • Any law that limits free trade between nations.

Quotas

Tariff

Trade barrier

Embargoes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • A limit on the amount of a product that can be imported

Embargoes

Quotas

Trade barrier

Trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  • A fee charged for goods brought into one country from another.

Trade

Embargoes

Quotas

Tariff

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