WorksheetsGlobal Economies Review
Total questions: 10
Worksheet time: 8mins
True or false: In developing countries, most of the population lives in poverty
(a)
True or false: One disadvantage of trade is that it can sometimes create unemployment.
(a)
Which term refers to a group of countries that trade with each other with few quotas or tariffs?
global trade
gross domestic product
global economy
free trade
The U.S., Canada, and France are all examples of which type of country?
Developed Country
Newly Industrialized Country
Developing Country
India, Brazil, and Mexico are all examples of which type of country?
Developed Country
Newly Industrialized Country
Developing Country
Haiti, Peru, and Venezuela are all examples of which type of country?
Developed Country
Newly Industrialized Country
Developing Country
What are some benefits of trade? (three answers)
Countries can get all the resources they need but don't have
Goods can be made for less in other countries and then cost less
Countries can make money selling goods to other countries
People choose to buy goods from other countries causing local businesses to close
What do governments do in order to encourage people to buy things from their country?
Put tariffs on imported goods, making them cost more
Advertise the local goods more
Have sales of local goods
Ban imported goods
Increased trade throughout the world has led to what?
trade
economic globalization
fewer imports
smaller governments
What organization provides financing, advice, and research to developing nations?
The World Trade Organization
The World Bank
The International Monetary Fund
The European Union
