Quiz 10.2 | International Trade and a Digital World

What was founded as a political and economic union by Germany, Italy, France, the Netherlands, Belgium and Luxembourg?

• European Union

• Euro

• United Kingdom

• World Trade Organization

What currency is used now by the European Union for its members?

• Pesos

• Pound

• Euro

• Dollar

What country left the European Union with what became known as Brexit in 2020?

• United Kingdom

• France

• Germany

• Italy

What is the purpose of the World Trade Organization?

• Regulate free movement of people, goods, services and capital within member nations

• Promote international trade by reducing or eliminating trade barriers

• Stop free trade between countries in North America

• Ensure that international trade runs smoothly and as freely as possible

What was the purpose of the North American Free Trade Agreement?

• Eliminate all tariffs and non-tariff barriers to trade and investment between member nations

• Stop free trade between countries in North America

• Establish a common currency between countries in North America

• Regulate free movement of people, goods, services and capital within member nations

What three countries are part of NAFTA?

• Britain, United States and France

• United States, Germany, Mexico

• Canada, Mexico, United States

• Mexico, France and Germany

How much did international trade drop during the recession of 2008 and 2009?

• 5%

• 10%

• 15%

• 20%

With how many countries does the United States currently have free trade agreements?

• 5

• 10

• 15

• 20

Which of the following is NOT a name that the Information Age is also referred to as?

• Digital Age

• Computer Age

• New Media Age

• Social Media Age

In 1989, Tim Berners Lee invented which of the following that transformed the digital revolution?

• Mobile phones

• World Wide Web

• Personal Computers

• Digital cameras