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Trade Deficit

Total questions: 10

Worksheet time: 20mins

Name
Class
Date
1.

When a country exports more than imports it is

a)

Trade Surplus

b)

Trade Deficit

c)

Surplus

d)

Deficit

2.

What TRADE did people considered dangerous?

a)

Surplus

b)

Domestic

c)

International

d)

Deficit

3.

Tax on goods arriving from a foreign country, used to penalize adversaries or favor allies or domestic producers

a)

Exports

b)

Tariff

c)

Imports

d)

Trade

4.

Products purchased from other countries?

a)

Non-Tariff

b)

Tariff

c)

Imports

d)

Exports

5.

Products sold to other countries

a)

Exports

b)

Tariff

c)

Non-Tariff

d)

Imports

6.

Any measure, other than a customs tariff, that acts as a barrier to international trade

a)

Bilateral Trade

b)

Non tariff barriers

c)

Barrier

d)

Tariff

7.

Constant fluctuations

a)

Deficit

b)

Trade

c)

Flow

d)

Ebb and Flow

8.

Normally occur because countries have certain comparative advantages

a)

Tariff

b)

Bilateral trade deficits

c)

Economics

d)

Non- Tariff

9.

Mexico TOTAL Trade

a)

$678 Billion

b)

$576 Billion

c)

$655 Billion

d)

$736 Billion

10.

Japan TOTAL Trade

a)

$300 Billion

b)

$121 Billion

c)

$179 Billion

d)

$200 Billion