CMS: Review for Economics Part II

CMS: Review for Economics Part II

6th Grade

12 Qs

quiz-placeholder

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CMS: Review for Economics Part II

CMS: Review for Economics Part II

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Easy

Created by

Nicole Oblitey

Used 4+ times

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12 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which three are examples of trade barriers?

Tariff

Quota

Embargo

Exchange rate

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country notices its GDP steadily increasing over several years. What does this MOST likely shows?

The economy is unstable

The economy has no change

The economy is growing

The economy is shrinking

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are exchange rates important in world trade?
A. They measure the distance between trading nations
B. They let countries compare the value of different currencies
C. They set rules for free trade agreements
D. They decide the amount of imports allowed

They let countries compare the value of different currencies

They measure the distance between trading nations

They set rules for free trade agreements

They decide the numberof imports allowed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a government places a ban (stop) on trading oil with another country, what is this called?
A. Tariff
B. Embargo
C. Quota
D. Surplus

Tariff

Quota

Embargo

Surplus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trinidad's high literacy rate contributes to its economy by…

Increasing unemployment levels

Providing a skilled workforce that raises the standard of living

Limiting the number of immigrants allowed into the country

Lowering the wages of most workers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following BEST defines a tariff?

A tax placed on imports from other countries

A ban on selling goods to other nations

A rule that allows free trade across borders

A type of currency used between countries

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does specialization help nations improve their economies?

It allows countries to trade for goods they do not produce

It forces everyone to work longer hours

It decreases the amount of training workers need

It makes resources evenly spread across nations

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