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Understanding Trade Quiz

Authored by Marwa undefined

English

5th Grade

Used 2+ times

Understanding Trade Quiz
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is trade?

Making products from raw materials

Selling only to people in your family

The exchange of goods and services between people, companies, or countries

Using only products made by yourself

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of internal trade?

Saudi Arabia selling oil to China

Buying spices from India

A farmer in Riyadh selling vegetables to a store in Jeddah

Ordering a book from the US

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the manufacturer in the supply chain?

The person who buys goods for personal use

The company that sells goods directly to consumers

The person or company that makes goods from raw materials

The business that buys goods in bulk and sells to retailers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are goods?

Physical products like toys or clothes that are bought and sold

Actions, like teaching or haircuts

Buying and selling online

Exchanging only money

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If Saudi Arabia imports laptops from another country, the laptops are:

Exports

Goods

Imports

Services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do countries trade with each other?

So they can keep all their products for themselves

To get products they do not easily make and help their economies grow

To stop working with other countries

To make products more expensive for everyone

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of trade?

To keep all goods in one place

To collect as many goods as possible

To get goods and services people need or want

To make everything by yourself

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