WorksheetsInternational Trade
Total questions: 15
Worksheet time: 8mins
What trade organization was created in 1993?
USSR
EU
NAFTA
NATO
What treaties were created for political benefit?
UN and Warsaw Pact
NAFTA, EU and UN
OPEC, UN, NATO, NAFTA, EU, Warsaw Pact
Warsaw, UN, and Nato
A traditional economy contains...
Cottage industry and agriculture
Commercial industry and commercial agriculture
Subsistence industry and housing
Cottage industry and subsistence agriculture
"Business run by people for profit" is relevant to what economy?
Capitalism
Command
Socialism
Democracy
True of False: The Unites States might withdraw from the USMCA
True
False
Who pays for tariffs placed on a product?
Consumer
Producer
The government
What economy uses supply and demand?
Command
Socialism
Capitalism
What is supply and demand?
When the government tells you what to make
When consumers tell producers what to make
When producers tell the government what they want
When representatives fufill the constituents needs
What organization was created in 1945 and why?
EU to promot trade
NATO to encourage peace
UN to encourage peace
Warsaw pact to promot trade
What treaty organization is no longer around?
OPEC
UN
NAFTA
Warsaw Pact
What two treaties were established because of the Cold War?
UN and OPEN
NAFTA and NATO
Warsaw Pact and EU
NATO and Warsaw Pact
What treaty organization contains Mexico, United States and Canada?
North Atlantic Free Trade Agreement
North American Fancy Trade Allegiance
North Alliance Trade Agreement
North American Free Trade Agreement
Members of an economic trade organization benefit from
No sales tax
Sales Tax
No tariffs with other memebers
Tariffs with other memebers
What does the European Union allow?
Who stabilizes oil prices?
