Trade Vocabulary
Geography
7th Grade - University
Used 19+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Goods and services shipped into a country are known as:
Entering
Exports
Imports
Exiting
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A benefit given by a government to an industry to make them more competitive. It lowers their cost to produce something, potentially increasing their profit is a...
Trade
Financial Aid
Financial Support
Subsidy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limited number of a certain product that is allowed to be imported from another nation is a...
Requirement
Quota
Amount
Law
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability to produce something using fewer resources than other producers is called having the...
Absolute Advantage
Comparative Advantage
Better Advantage
Competitive Advantage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economic policy aimed at limiting the number of imports from other countries to try to aid businesses within a country by taxing or placing a quota is called...
Subsidy
Caring
Support
Protectionism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability to produce something at a lower opportunity cost than other producers is having the...
Absolute Advantage
Solitary Advantage
Comparative Advantage
Complete Advantage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sending goods and services to another country are called...
Imports
Exiting
Exports
Entering
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
