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Global Economic Issues

Authored by Patricia White

Social Studies

12th Grade

20 Questions

Global Economic Issues
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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a barrier for trade used in economic activities?

Tariff

Quota

GDP

Embargo

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The goods and services a nation produces and then sells to other nations

Export

Import

Absolute Advantage

Comparative Advantage

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

International trade involves both imports and ________________.

trade

exports

quota

tariffs

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

​The goods and services a nation buys from other nations

Embargo

Tariff

Imports

Exports

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tariff will ________ the price of imported goods.

lower

decrease

increase

negate

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Country X produces more manufactured goods than Country Y. It is said Country X has a __________________ over Country Y.

Tariff

Comparative Advantage

Quota

Absolute Advantage

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A tariff is a _________ charged for goods that leave or enter a country.

quota

embargo

trade

tax

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