International Trade

International Trade

Assessment

Flashcard

Social Studies

11th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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25 questions

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1.

FLASHCARD QUESTION

Front

Nations conduct international trade because resources are not equally distributed among all nations.

Back

resources are not equally distributed among all nations.

2.

FLASHCARD QUESTION

Front

Protectionists justify high tariffs because they

Back

help the balance of payments.

3.

FLASHCARD QUESTION

Front

The process of banning the imports of certain goods because of economics, social and politics is known as

Back

Embargo.

4.

FLASHCARD QUESTION

Front

Which of the following is NOT an example of hidden trade protectionism?
tariffs,
trade licenses,
special regulations,
extensive trade procedures

Back

tariffs

5.

FLASHCARD QUESTION

Front

The producer that can produce the most output compared to any other nation.

Back

Absolute Advantage

6.

FLASHCARD QUESTION

Front

The U.S. can produce 1,000 iPads or 20 cars. China can produce 1,800 iPads or 10 cars. Who should produce what?

Back

U.S. - car
China - iPad

7.

FLASHCARD QUESTION

Front

The _____ is a trade agreement between Canada, Mexico, and the U.S.

Back

USMCA

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