International Trade

International Trade

12th Grade

16 Qs

quiz-placeholder

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International Trade

International Trade

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Susan Burke

Used 75+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tax paid on imports?

Tariff

Embargo

Subsidy

Quota

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a limit on imports?

Export

Quota

Embargo

Subsidy

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Export means
buying goods from another country
selling goods to another country
only making one kind of product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When determining comparative advantage one must determine 
Opportunity cost
Specialization
Absolute Advantage
Embargos 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods and services produced in other countries and sold domestically.

import

export

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods and services produced domestically and sold in other countries.

import

export

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The policy of erecting trade barriers to shield domestic markets from foreign competition.

Free Trade

Protectionism

Trade Barriers

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