Trade
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Trade
Quiz
•
English
•
University
•
Practice Problem
•
Hard
+27
Standards-aligned
Sarah Williams
FREE Resource
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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.8.5
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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