International Economics Test Practice

International Economics Test Practice

12th Grade

75 Qs

quiz-placeholder

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International Economics Test Practice

International Economics Test Practice

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Chad Whitley

Used 116+ times

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75 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability of one person or nation to produce more of a good than another person or nation

Comparative Advantage
Absolute advantage
exports
protectionism 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The use of trade barriers to protect a nation’s industries from foreign competition

Balance of trade
NAFTA
Quotas
Protectionism 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exports minus imports or how many goods a county exports versus imports

Exports
Subsidy
Quotas
Balance of Trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A regional trade organization made up of European nations

NAFTA
EU
ASEAN
CARICOM

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Agreement that will eliminate all tariffs and other trade barriers between Canada, Mexico, and the US

NAFTA
EU
ASEAN
CARICOM

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limit of the amount of a good that can be imported

Subsidy
Quota
Exports
Appreciation 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A good that is sent to another country for sale

export
import
quota
subsidy 

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