Trade

Trade

University

15 Qs

quiz-placeholder

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Trade

Trade

Assessment

Quiz

English

University

Practice Problem

Hard

CCSS
RI.11-12.5, L.5.5C, L.1.1J

+28

Standards-aligned

Created by

Sarah Williams

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A trade agreement between Canada, Mexico and the US

NAFTA

EU

WTO

ABC

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT an argument for free trade?

increase competition

allow domestic goods to be sold worldwide

allow countries to specialize through comparative advantage

imposing subsidies to protect domestic interest

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Countries usually impose restrictions on free foreign trade to:

Protect Foreign Producers

Protect Foreign Consumers

Protect Domestic Producers

Protect Domestic Consumers

Tags

CCSS.RI. 9-10.8

CCSS.RI.11-12.5

CCSS.RI.11-12.8

CCSS.RI.8.8

CCSS.RI.9-10.5

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If Brazil has a comparative advantage in producing rubber, and trade of rubber is allowed...


Brazil will become an importer of rubber.

Brazil will become an exporter of rubber.

Brazil could become either an exporter or importer.

It is impossible to determine whether Brazil will become an importer or an exporter of rubber without additional information about rubber prices.

5.

FILL IN THE BLANK QUESTION

1 min • 2 pts

An additional tariff placed on an imported product that
a nation believes is receiving an unfair subsidy:

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If a nation has more exports than imports, it is said to have

Positive balance of trade

Negative balance of trade

International trade potential

Unfavorable international trade position

7.

FILL IN THE BLANK QUESTION

1 min • 2 pts

A key component of the WTO is the principle of _______ called normal trade relations
that require WTO members to treat all members equally.

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

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