Trade and Finance Quiz

Trade and Finance Quiz

12th Grade

20 Qs

quiz-placeholder

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Trade and Finance Quiz

Trade and Finance Quiz

Assessment

Quiz

History

12th Grade

Hard

Created by

Gabriel Al-Shaer

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the primary definition of trade in finance?

The illegal exchange of goods or services

The forced exchange of goods or services

The voluntary exchange of goods or services

The mandatory exchange of goods or services

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

In financial markets, what does trading refer to?

Purchasing and selling real estate

Purchasing and selling intellectual property

Purchasing and selling securities or other assets

Purchasing and selling agricultural products

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is the principle of comparative advantage?

The ability of a country to produce goods with the highest cost

The ability of a country to produce goods without any trade

The ability of a country to produce a good at a lower opportunity cost

The ability of a country to produce all goods more efficiently

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is a trade deficit?

When a country has balanced trade

When a country has no trade activity

When a country imports more than it exports

When a country exports more than it imports

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Which economist is commonly associated with the Law of Comparative Advantage?

David Ricardo

Milton Friedman

John Maynard Keynes

Adam Smith

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is one criticism of free trade?

It always benefits all countries equally

It can lead to excessive reliance on global markets

It eliminates all domestic industries

It guarantees economic growth for all

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is one benefit of international trade?

It reduces global standing

It eliminates the need for foreign currency

It encourages investment in a country globally

It decreases product variety

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