Global Trade and Inequalities in Trade
Authored by Jessica Parisi
Financial Education
12th Grade
Used 3+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has recently become the world's largest trading nation surpassing the USA?
India
Russia
Brazil
China
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of fair trade?
To exploit workers in developing countries
To promote child labor
To ensure minimum wages and safe working conditions
To increase poverty in developing countries
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage of trading blocs for member countries?
Higher prices for domestic products
Increased taxes on imports
Limited market access
Removal of border controls
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the United States, Mexico and Canada Agreement (USMCA)?
To restrict trade with Asian countries
To impose tariffs on European countries
To substitute the North American Free Trade Agreement (NAFTA)
To promote fair trade in South America
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of Mercosur?
To impose embargoes on European countries
To facilitate movement of goods between member countries
To restrict trade with South American countries
To promote free trade between Brazil and China
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is protectionism?
Removing border controls for imports
Imposing embargoes on specific goods
Restricting the amount of imports into a country
Promoting free trade between countries
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the European Union (EU)?
To limit market access for member countries
To reduce potential for war within Europe
To increase trade barriers within Europe
To promote child labor in Europe
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