Global Trade Patterns and their Impact on the Economy

Global Trade Patterns and their Impact on the Economy

Assessment

Interactive Video

Business

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video explores global trade patterns, highlighting the growth of trade and its impact on GDP. It discusses historical shifts in trade composition, regional trade participation, and the factors influencing trade. The benefits and costs of trade are examined, including efficiency gains and risks. The video concludes with an introduction to trade protection, setting the stage for further analysis.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to measure the growth of global trade?

By looking at the level of exports relative to GDP

By analyzing the number of trade agreements

By counting the number of trading partners

By comparing import levels to GDP

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which phase is characterized by a sharp rise in trade due to globalization?

Globalization phase

Post-war phase

Digital revolution phase

Pre-industrial phase

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in the share of agricultural products in world trade since 1900?

It has remained constant

It has increased

It has fluctuated without a clear trend

It has declined sharply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which regions account for the majority of world trade?

Europe, North America, and Asia

Africa, South America, and Oceania

South America, Europe, and North America

Middle East, Africa, and Asia

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor influencing trade according to the transcript?

Geographical proximity

Comparative advantage

Political stability

Cultural similarities

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the benefits of trade mentioned in the transcript?

Decreased innovation

Greater consumer choice

Reduced competition

Increased cultural homogeneity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential cost of trade highlighted in the transcript?

Economic stability

Environmental degradation

Cultural enrichment

Increased employment

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