SW Asia Economics-SS7E5 Quiz

SW Asia Economics-SS7E5 Quiz

7th - 8th Grade

35 Qs

quiz-placeholder

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SW Asia Economics-SS7E5 Quiz

SW Asia Economics-SS7E5 Quiz

Assessment

Quiz

Social Studies

7th - 8th Grade

Practice Problem

Medium

Created by

Shannon Pausch

Used 201+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A tax placed on goods coming into a country from another country is known as

A tariff

A quota

An embargo

A natural trade barrier

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A limit to the number or amount of a foreign produced good that is allowed into the country is known as

A tariff

A quota

An embargo

A natural trade barrier

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A formal halt to trade with a particular country for economic and political reasons is known as

Tariff

Quota

Embargo

Natural Barrier

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which term is necessary for international trade?

embargo

interdependence

currency exchange

human capital

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An economic exchange in which all sides agree to participate because they expect to benefit.

International Trade
Voluntary Trade
Economy
Trade barrier

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Businesses make economic decisions, but the government regulates them to make sure they're safe/fair.

Mixed

Traditional

Command

Market

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An undeveloped economy in which customs and habits from the past determine how decisions will be made; may be found in rural areas with high levels of subsistence farming and rely on barter rather than currency.

Mixed
Traditional
Economy
Market

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