Global Trade Quiz

What is one of the main reasons for global trade inequalities?

• Equal distribution of resources

• Unequal access to technology

• Similar economic policies

• Equal trade agreements

How do tariffs impact global trade?

• They make goods cheaper

• They increase the cost of imported goods

• They have no effect on prices

• They make goods free

What is a trade agreement?

• A deal to stop trading

• A deal to share technology

• A deal between countries to trade goods and services

• A deal to increase tariffs

How can trade agreements promote equity?

• By favoring only one country

• By ensuring fair rules for all countries involved

• By increasing tariffs

• By stopping trade

What is one effect of economic growth disparities?

• Equal wealth distribution

• Unequal wealth distribution

• No effect on wealth

• Equal access to resources

Which of the following is a characteristic of developed countries?

• Low income levels

• High income levels

• Limited access to technology

• High levels of poverty

Which of the following is a characteristic of developing countries?

• High income levels

• Low income levels

• Advanced technology

• High levels of education

What role do multinational corporations play in global trade?

• They only operate in one country

• They facilitate trade between multiple countries

• They stop trade between countries

• They only trade within their home country

How can multinational corporations contribute to economic inequalities?

• By paying equal wages in all countries

• By exploiting cheaper labor in developing countries

• By providing equal job opportunities

• By ensuring fair trade practices

What is one way to reduce global trade inequalities?

• Increasing tariffs on all goods

• Creating fair trade agreements

• Stopping all international trade

• Ignoring economic disparities