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International Trade Review

Authored by Cortnie Bond

Social Studies

5th Grade

International Trade Review
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is specialization?

When an individual produces a good.

When a country or individual only produces those goods and services they can produce at the lowest cost

The exchange of a good and service for another good or service.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why would you voluntarily trade?

They like something different

Because why not?

They expect to be better off after the exchange/trade

3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does specialization and trade make most people better off?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is one advantage or benefit of a country specializing in the products it can produce best?

Evaluate responses using AI:

OFF

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interdependence is when people or countries rely on other people or countries to get the goods or services they want

False

True

6.

OPEN ENDED QUESTION

3 mins • 1 pt

How does international trade link you to countries around the world?

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Give an example of how a countries are interdependent.

Evaluate responses using AI:

OFF

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