Quiz: Imports, Exports, and Exchange Rates

Quiz
•
Social Studies
•
9th - 12th Grade
•
Easy
Collin Ludlow-Mattson
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a country have when its exports are greater than its imports?
Trade deficit
Trade surplus
Balance of payments
Currency depreciation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the U.S.'s most frequent trade partner in terms of total trade volume?
China
Canada
Mexico
Germany
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT included in the current account?
Import of cars
Export of music
Foreign aid
Purchase of U.S. stocks by foreigners
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when the U.S. dollar appreciates?
U.S. exports become cheaper
U.S. imports become cheaper
Foreign goods become more expensive
U.S. exports rise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term refers to when a country’s central bank actively keeps the currency within a set range?
Floating exchange
Pegged currency
Market rate
Balance of trade
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one downside of free trade mentioned in the video?
Rising domestic prices
Job losses in specific industries
Decreased consumer choices
Lower total output
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might countries run trade deficits?
To lower inflation
To strengthen their currency
Because they consume more than they produce
To increase tariffs
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