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Global Trade

Authored by Reem Farhat

Social Studies

11th Grade

Used 19+ times

Global Trade
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8 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Define the following:

Export

send to another country for sale

sale good internally

create and sell goods internally

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Import

bring into a country from abroad for sale

to send to another country for sale

create goods for sale

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

trade surplus

the amount by which the value of a country's exports exceeds the cost of its imports

the amount by which the value of a country's imports exceeds the cost of its exports

when a country's cost of imports = cost of exports

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

trade deficit

cost of imports exceeds exports

cost of exports exceeds cost of imports

cost of exports = cost of imports

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

containerization

selling containers excessively

pack into or transport by container

containing more than two goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

tariffs

tax or duty to be paid on imports/exports

economic theory dealing with money

the amount of money issued from banks

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

protectionism

theory of shielding a country's domestic industries from foreign competition by taxing imports

theory of shielding a country's domestic industries from foreign competition by limiting exports

equilibrium of export and import costs

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