
Global Trade Quiz
Authored by Tyler Cantrell
Social Studies
11th Grade
Used 3+ times

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20 questions
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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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