T7.5-6 Study Guide

Define Balance of Trade

• Balance of Trade is the total value of a country's imports.
• Balance of Trade is the difference between the value of a country's imports and exports.
• Balance of Trade is the difference between how much a country exports and imports.

• Balance of Trade is the total value of a country's exports.

Define Trade surplus

• A trade surplus is when a country exports more goods and services than it imports.
• A trade surplus is when a country imports more goods and services than it exports.
• A trade surplus is when a country has an equal balance of imports and exports.
• A trade surplus is when a country does not engage in any international trade.

Define Trade deficit

• A trade deficit is when a country's exports exceed its imports.
• A trade deficit is when a country has an equal amount of imports and exports.
• A trade deficit is when a country's imports and exports are equal.
• A trade deficit is when a country's imports exceed its exports.

What was the Opium War?

• The Opium War was a peaceful trade agreement between China and Great Britain.
• The Opium War was a conflict between China and France in the early 20th century.
• The Opium War was a religious dispute between China and Japan in the late 18th century.
• The Opium War was a series of conflicts between China and Great Britain due to Britain refusing to stop illegally selling Opium to Chinese citizens

What is the Treaty of Nanjing?

• The Treaty of Nanjing was a peace treaty signed between China and the British Empire in 1842.
• The Treaty of Nanjing was a trade agreement between China and Japan in 1842.
• The Treaty of Nanjing was a military alliance between China and the British Empire in 1842.
• The Treaty of Nanjing was a cultural exchange agreement between China and the British Empire in 1842.

What did the Treaty of Nanjing do?

• The Treaty of Nanjing established a communist government in China.
• The Treaty of Nanjing forced China to make concessions with western powers and allowed Britain to sell Opium.

• The Treaty of Nanjing granted China control over Hong Kong.
• The Treaty of Nanjing abolished the opium trade in China.

What is an Indemity?

• An indemnity is a type of insurance policy that covers a specific event or risk.
• An indemnity is a financial penalty imposed on a party for breaching a contract.
• An indemnity is a form of compensation paid to an employee who has been wrongfully terminated.
• An indemnity is a payment for losses in a war.

What is Extraterritoriality?

• Extraterritoriality is the legal right of foreigners to be protected by the laws of their own nation.

• Extraterritoriality is a term used to describe the practice of granting diplomatic immunity to foreign diplomats.
• Extraterritoriality is a legal principle that allows a country to extend its jurisdiction beyond its own borders.
• Extraterritoriality is the act of exploring outer space.

What was the Qing dynasty?

• The Qing dynasty was a democratic government in China.
• The Qing dynasty was the last imperial dynasty of China.

• The Qing dynasty was a military dictatorship in China.
• The Qing dynasty was a religious institution in China.

What was the Taiping Rebellion?

• The Taiping Rebellion was a religious movement led by Confucian scholars.
• The Taiping Rebellion was a peaceful protest against the Chinese government.
• The Taiping Rebellion was a war between China and Japan.
• The Taiping Rebellion was a massive civil war trying to end the Qing Dynasty in China led by Hong Xiuquan.