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WorksheetsTrade barriers and Currency Exchange
Total questions: 14
Worksheet time: 5mins
Name
Class
Date
1.
380. In which country would it be most difficult for a person to start a business?
a)
Russia
b)
Germany
c)
United Kingdom
d)
about the same for each
2.
381. In which countries do buyers and sellers usually come to agreement on prices in order to trade?
a)
Russia and Germany
b)
Russia and United Kingdom
c)
Germany and United Kingdom
d)
United Kingdom and United States
3.
382. Which of these issues would make the United Kingdom a more desirable place to start a business than Russia?
a)
The government in Russia owns most industries.
b)
Russia's court systems always protects the rights of property owners.
c)
It takes less time to start a business in Russia than the United Kingdom.
d)
Private citizens and corporations in the United Kingdom decide how goods will be produced.
4.
383. Which type of trade barrier involves a limit on goods brought into the country?
a)
quota
b)
tariff
c)
embargo
d)
voluntary exchange
5.
384. In order to help Russian farmers sell more food, some people want to put a tax on the food imported from other countries. This is an example of a(n)
a)
quota
b)
tariff
c)
embargo
d)
voluntary exchange
6.
385. Which might make an embargo against a country successful?
a)
Merchants are able to continue doing business.
b)
People in the country are not affected by the embargo.
c)
The country does not need to trade with other countries.
d)
The citizens in the country suffer because of the embargo and demand a change from their government.
7.
386. What is the currency people use in much of the EU called?
a)
euro
b)
ruble
c)
dollar
d)
pound
8.
387. What is the currency of Russia?
a)
euro
b)
ruble
c)
dollar
d)
pound
9.
388. What is a problem with exchanging currency?
a)
People make more money by trading currency.
b)
Most people want to use American dollars to trade.
c)
Banks do not like to exchange their money for other currencies.
d)
It costs more to do business because banks charge fees for exchanges.
10.
A free-trade zone means:
a)
You don't have to pay money to get items.
b)
There are no tariffs between the countries in this zone.
c)
Trade happens less often.
d)
Trade does not happen.
11.
A limit placed on the number of goods brought into a country is a
a)
tariff
b)
quota
c)
embargo
d)
tax
12.
Money that people to use to make trade easier is called
a)
credit cards
b)
taxes
c)
tariff
d)
currency
13.
A government order to stop trade with another country is called a(n)
a)
tariff
b)
quota
c)
embargo
d)
currency
14.
A tax on imports is called a(n):
a)
tariff
b)
quota
c)
embargo
d)
currency
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