Impact of Global Trade Quizziz

What items were the ships from Asia likely carrying to the Americas during the Age of Exploration?

• Electronics and plastics

• Spices and silk

• Automobiles and machinery

• Computers and software

What goods might Portuguese ships bring back from Asia and the Americas?

• Gold and silver

• Tea and coffee

• Spices and precious stones

• All of the above

How did exploration affect the environment, trade, and global interconnection?

• It increased cultural exchanges and the spread of new technologies.

• It decreased trade and economic activity worldwide.

• It had no significant impact.

• It reduced environmental awareness.

According to mercantilism, what constitutes a nation's wealth?

• The nation's cultural heritage.

• The nation's technological advancements.

• The nation's supply of gold and silver.

• The nation's military strength.

Which country uses capitalism as its economic system?

• A) Venezuela

• B) North Korea

• C) Sweden

• D) The United States

What is a key feature of capitalism, according to the image?

• A) Equality of opportunity is often lacking.

• B) It is based on government planning.

• C) It discourages innovation.

• D) It prioritizes social welfare over profit.

Which of the following is NOT a characteristic of capitalism?

• A) Innovation is often rewarded.

• B) Best products for the best price.

• C) External costs are ignored.

• D) Government controls the economy.

What does the term "inflation" mean in economics?

• When the government prints more money.

• When the prices of goods and services rise over time, making money worth less.

• When the stock market reaches a new high.

• When a country's total economic output decreases.

How much did a cup of coffee cost in 1980?

• $0.25

• $0.45

• $0.75

• $1.00

What can be inferred about the price of a cup of coffee from 1970 to 2022?

• The price remained the same.

• The price decreased.

• The price increased gradually.

• The price fluctuated frequently.