International trade and Globalization

International trade and Globalization

9th Grade

30 Qs

quiz-placeholder

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International trade and Globalization

International trade and Globalization

Assessment

Quiz

Social Studies

9th Grade

Medium

Created by

Isaac Bennie

Used 4+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Goods and services produced in other countries and sold domestically.

import

export

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Goods and services produced domestically and sold in other countries.

import

export

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The condition that exists when someone can produce a good or service using fewer resources than someone else.

Absolute Advantage

Comparative Advantage

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The policy of eliminating barriers to international trade; free trade allows goods and services to move more freely across borders.

Free Trade

Protectionism

Trade Embargo

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A tax on imported goods designed to protect domestic producers from foreign competition; a type of trade barrier.

Protective Tariff

Import Quota

Trade Embargo

VER

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A limit on the quantity of a good that can be imported during a specific period of time; a type of trade barrier.

Protective Tariff

Import Quota

Trade Embargo

VER

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The process by which people and economies around the world are becoming increasingly interconnected; the integration of national economies into the global economy.

Trade Barrier

Globalization

Macroeconomics

Microeconomics

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