International Trade
Authored by Kelly Crampton
Social Studies
10th Grade
Used 7+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Succession of increasing trade barriers between nations
Trade War
Embargo
Tariff
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Any law that limits free trade between nations
Embargo
Trade Barrier
Quota
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limit on the amount of a product that can be imported
Quota
Shipment
Specialization
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ability of one trading nation to make a product more efficiently than another trading nation
Absolute Advantage
Comparative Advantage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A trading nation's ability to produce something at a lower opportunity cost than that of another trading nation
Absolute Advantage
Comparative Advantage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation that occurs when individuals or businesses produce a narrow rand of products
Tariff
Quota
Specialization
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which producers in one nation depend on others to provide goods and services they do not produce
Economic Independence
Economic Interdependence
World Economy
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