Global Trade Quiz

Global Trade Quiz

11th Grade

20 Qs

quiz-placeholder

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Global Trade Quiz

Global Trade Quiz

Assessment

Quiz

Social Studies

11th Grade

Hard

Created by

Tyler Cantrell

Used 3+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the system of markets and trade that connects countries globally?

Balance of trade

Foreign exchange

Global economy

Import/export ratio

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which development has significantly contributed to the growth of international trade?

Increased use of cell phones

Rising demand for bulk commodities

Proliferation of container ports serving large ships

Increase in passenger jets carrying wealthy tourists

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered an export for the U.S.?

A U.S. business traveler stays at a hotel in Australia.

A French movie attracts large crowds at U.S. theaters.

A Dutch family hosts a high school student from the United States.

A German student pays tuition to attend college in the United States.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most common motive for a country to implement an embargo?

Economic influence

Protective tariff

Quota

Voluntary restraint

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which policy do the majority of economists support?

Free trade

Import quotas

Trade embargoes

Trade restrictions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a primary goal of establishing the European Union and the World Trade Organization?

To ensure fair wages

To regulate investment

To reduce trade barriers

To protect national security

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What primarily determines the floating rates of foreign exchange?

The black market

Government decree

Supply and demand

Multinational treaties

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