Global Economy

Global Economy

8th Grade

15 Qs

quiz-placeholder

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Assessment

Quiz

Social Studies

8th Grade

Hard

Created by

John Robinson

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

As a result of globalization, there is more interdependence among countries.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Apple, Nike, and Toyota are examples of __________.

market economies

trade barriers

multinational corporations

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The __________ provides loans for large projects in countries that need them, but might not otherwise be able to pay for them.

Salvation Army

World Health Organization

World Bank

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tax that must be paid on imported items

quota

tariff

embargo

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why would a country impose a tariff or quota on imported goods?

to raise the price of imported goods and encourage people to buy local

to raise the price of imported goods to help other countries make more money

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The process in which countries are linked to one another through culture and trade is called globalization.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sending goods to another country to sell.

import

export

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