Economic Interdependence Quiz

What is economic interdependence?

• A) When a country tries to produce everything it needs on its own

• B) When countries or groups rely on each other for goods and services

• C) When businesses stop trading with each other

• D) When one country owns all the world’s resources

Which of the following is a positive effect of economic interdependence?

• A) Countries have access to a greater variety of goods

• B) Countries are forced to close their markets

• C) People stop buying goods from other places

• D) Countries no longer need workers

One negative effect of economic interdependence is that...

• It helps people share resources fairly

• Countries become too dependent on others for goods

• It reduces trade between nations

• It makes every country the same

What is an example of economic interdependence?

• A) A farmer grows food only for their own family

• B) The U.S. buys electronics from Japan, and Japan buys wheat from the U.S.

• C) A store refuses to sell imported goods

• D) A country stops trading with the rest of the world

How does trade help different countries?

• A) It allows them to get goods they cannot produce themselves

• B) It forces them to close their markets

• C) It prevents them from making money

• D) It makes goods more expensive for everyone

What is one risk of depending too much on trade with other countries?

• A) Countries will always have too many goods

• B) If trade stops, people might not get the goods they need

• C) Trade always stays the same no matter what

• D) Countries do not need to work together anymore

What is an example of a negative effect of economic interdependence?

• A) People have access to more types of food

• B) If a country runs out of a resource, it can buy from another country

Why do businesses in different countries trade with each other?

• Some places have resources that others do not

• Every country has the same goods and services

• They want to keep their goods for themselves

• They do not need help from other countries

How does economic interdependence help workers?

• It creates more jobs by allowing businesses to expand

• It makes sure everyone works only in their home country

• It reduces the need for workers everywhere

• It stops people from working together

Why might a country be negatively affected by relying too much on imports?

• It always leads to war

• If another country stops selling to them, they might not have what they need

• It makes all goods free

• It forces countries to stop trading