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TRADE AND DEVELOPMENT

Total questions: 50

Worksheet time: 24mins

Name
Class
Date
1.

1. What was one of the earliest materials used to make boats?

a)

metal

b)

plastic

c)

tree trunks and reed

d)

bricks

2.

2. Which of these was important for early sailors to help them navigate?

a)

google map

b)

Sun and stars

c)

computers

d)

GPS

3.

3. What was early writing used for?

a)

Drawing pictures

b)

Keeping accounts and recording trades

c)

Writing stories

d)

Singing songs

4.

4. Which ancient civilization created libraries of clay tablets?

a)

Egyptians

b)

Romans

c)

Sumerians

d)

Greeks

5.

5. What kind of goods and ideas spread through trade?

a)

Only food

b)

Only clothes

c)

Only music

d)

Mathematics, science, and inventions

6.

6. How did trade influence the spread of religions like Islam?

a)

By making new types of boats

b)

By allowing people of different faiths to meet and interact

c)

By teaching people how to dance

d)

By building tall buildings

7.

7. What was one of the inventions that spread from China to the western world?

a)

Paper-making

b)

The bicycle

c)

The airplane

d)

The television

8.

8. What did early shipbuilders develop to make ships faster and larger?

a)

Better sails and steering methods

b)

Bigger engines

c)

More comfortable seats

d)

Underwater windows

9.

Which term refers to the type of buying and selling that takes place within a country?

a)

free trade

b)

international trade

c)

productivity

d)

domestic trade

10.

Which of the following is a likely result of trade barriers?

a)

reduced competition

b)

lower prices

c)

more choices

d)

increase in imports

11.

Which of the following is a feature of a developed country?

a)

high tariffs

b)

lower standards of living

c)

a strong economy

d)

lower productivity

12.

Why do countries trade goods and services?

a)

because they want to reduce interdependence

b)

because they do not have all the goods and resources they need

c)

because they want to help other countries grow

d)

because they want to protect domestic industries from competition

13.

Which of the following is a way to increase economic development?

a)

raising taxes

b)

investing in education

c)

limiting trade

d)

lowering wages

14.

The exchange of goods and services.

a)

productivity

b)

tariff

c)

profit

d)

trade

15.

What a country is good at producing, or its ability to produce a product more efficiently than other products.

a)

tariff

b)

trade

c)

comparative advantage

d)

gross domestic product

16.

International trade is trade with ________ producers and consumers.

a)

foreign

b)

domestic

c)

allied

d)

friendly

17.

Goods and services that are produced in one country and sold to buyers in another.

a)

tariffs

b)

markets

c)

imports

d)

exports

18.

Goods or services sold in one country but produced in another.

a)

tariffs

b)

markets

c)

imports

d)

exports

19.

A government policy or restriction that limits international trade. Tariffs, quotas, and embargoes are examples of this.

a)

trade barrier

b)

free trade

c)

reciprocal trade

d)

capitalism

20.

Trade without barriers.

a)

tariff

b)

quota

c)

embargo

d)

free trade

21.

Economic growth or an increase in living standards.

a)

recession

b)

boom

c)

development

d)

success

22.

The countries of Haiti and Ethiopia have less productive economies and lower standards of living. They are considered to be _____________?

a)

developed countries

b)

developing countries

c)

backward countries

d)

export countries

23.

The total value of all goods and services produced in a country in a year.

a)

Gross National Product (GNP)

b)

Country's Wealth

c)

Free Trade

d)

Gross Domestic Product (GDP)

24.

Tax on imports and exports.

a)

quota

b)

tariff

c)

embargo

25.

The amount of goods and services produced given the amount of resources used.

a)

productivity

b)

capital goods

c)

GDP

d)

counterproductive

26.

How can you increase economic development?

a)

invest in capital goods

b)

invest in human capital

c)

invest in education

d)

find more resources

e)

all of the above

27.

Geographic location can give a country or region advantages in trade.

a)

True

b)

False

28.

A set limit on the number of units of a good that can be imported.

a)

quota

b)

tariff

c)

embargo

29.

A ban on all trade with a country.

a)

quota

b)

tariff

c)

embargo

30.

A ban on all trade with a country.

a)

quota

b)

tariff

c)

embargo

31.

Trade barriers include __________, or taxes on imports or exports, and __________, or bans on trade with a country.

a)

quotas; embargoes

b)

tariffs; quotas

c)

tariffs; embargoes

d)

embargoes; tariffs

32.

A resource is anything that can be used to produce wealth. Resources are distributed evenly.

a)

True

b)

False

33.

The buying and selling that takes place in a country is ___________ trade.

a)

foreign

b)

domestic

34.

The buying and selling that takes place with other countries is _____________ trade.

a)

domestic

b)

foreign

35.

What are goods and services produced inside a country and sold outside of that country.

a)

import

b)

export

36.

What are goods and services sold in one country but produced in another?

a)

import

b)

export

37.

What is meant by development in geography?

a)

Improving the overall quality of life in a country

b)

Improving the overall wealth of a country

c)

Increasing the population of a country

d)

Increasing the size of a country

38.

What is trade?

a)

The selling of goods to another country

b)

The buying of goods from another country

c)

The buying and selling of goods between countries

39.

Imports are...

a)

All the products and goods that are made in a country

b)

All the products and goods that are sold between countries

c)

All the products and goods bought in by a country

d)

All the products and goods used to improve quality of life

40.

Exports are...

a)

All the products are goods grown in another country

b)

All the products and goods sold by a country

c)

All the products and goods that are thrown out

d)

All the products and goods that expire

41.

A Trading Bloc is...

a)

A group of countries that produce the same products and goods

b)

A group of countries that do not trade with one another

c)

A group of countries that have agreed to trade together and reduce barriers

d)

A group of countries that have agreed to trade together but for a higher price

42.

The European Union is an example of a Trading Bloc.

a)

True

b)

False

43.

A producer is...

a)

A country that produces (makes) and sells a certain good

b)

A country that buys and imports a certain good

c)

A country that enables trade with a Trading Bloc

44.

A consumer is...

a)

A country that produces (makes) and sells a certain good

b)

A country that buys a certain product

c)

A country that controls the agreements in a Trading Bloc

45.

Which countries mainly export raw goods? (E.g. fruit, veg, minerals)

a)

HICs

b)

LICs

46.

the exchange of goods and services

a)
Barter
b)
Commerce
c)
Trade
d)
Transaction
47.

what a country is good at producing, or its ability to produce a product more efficiently than other produces

a)

trade barrier

b)

Free trade

c)
Market dominance
d)
Comparative advantage
48.

all of the buying and selling that takes place within a country

a)
Domestic trade
b)
Wholesale trade
c)
International trade
d)

import trade

49.

trade with foreign producers and consumers, trade between different countries

a)
International trade
b)
Domestic trade
c)

Local trade

d)
Bilateral trade
50.

goods and services brought into a country

a)
Exports
b)
Domestic goods
c)

Imports

d)

Currency