Trade

Trade

5th Grade

10 Qs

quiz-placeholder

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Assessment

Quiz

Other

5th Grade

Practice Problem

Hard

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is trade?

The exchange of goods and services for money

The exchange of goods and services.

The exchange of money between countries

The exchange of ideas between countries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of an import?

A product made in your country and sold abroad

A product made in another country and sold in your country

A service provided by a local business

A service provided by a foreign business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used for goods or services produced in one country and sold to another country?

Imports

Exports

Specializations

Barter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do countries trade with each other?

To decrease the variety of goods available

To increase their reliance on self-sufficiency

To access goods and resources they don't have

To limit economic growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of specialization?

A country producing a wide range of goods

A country focusing on producing only one type of good

A country trading with multiple countries simultaneously

A country refusing to participate in international trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can trade benefit individuals and countries?

By reducing access to a wider variety of goods

By decreasing economic growth

By lowering prices and improving living standards

By limiting cooperation between countries

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factors can influence trade between countries?

Availability of resources and specialization

Climate change and global warming

Population size and geographical location

Political systems and cultural traditions

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