Trade and Specialization Quiz

Trade and Specialization Quiz

6th Grade

10 Qs

quiz-placeholder

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Trade and Specialization Quiz

Trade and Specialization Quiz

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Medium

Created by

Brendan Soper

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is specialization in trade?

A country focuses on making all types of products.

A country focuses on making certain products or services it can make well.

A country avoids making any products.

A country makes products only for itself.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tariff?

A limit on the amount of a product.

A tax added to products from other countries.

A complete stop to trade.

A free trade agreement.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do countries need to exchange money?

To avoid using their own currency.

To buy products from other countries.

To increase the value of their currency.

To stop trade with other countries.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one benefit of the USMCA?

It increases the cost of trading.

It removes extra costs by lowering taxes.

It stops trade between the three countries.

It limits the exchange of ideas and technology.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is specialization in trade?

Focusing on making a variety of products

Focusing on making certain products or services well

Trading only with neighboring countries

Avoiding trade with other countries

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does specialization help trade?

By making products more expensive

By reducing the need for imports

By allowing countries to trade for things they can't make easily

By increasing tariffs on foreign goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the USMCA?

A trade barrier between the U.S., Mexico, and Canada

A trade deal between the U.S., Mexico, and Canada

A currency exchange agreement

A tax agreement between North American countries

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