Trade and the World Economy Quiz

Trade and the World Economy Quiz

9th - 12th Grade

20 Qs

quiz-placeholder

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Trade and the World Economy Quiz

Trade and the World Economy Quiz

Assessment

Quiz

Geography

9th - 12th Grade

Hard

Created by

Ian West

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for countries trading based on mutual supply and demand needs?

Comparative Advantage

Complementarity

Neoliberalism

Agglomeration

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of comparative advantage?

The U.S. importing oil from Saudi Arabia.

China specializing in electronics manufacturing.

The EU providing subsidies to farmers.

Countries using tariffs to protect domestic industries.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Neoliberal policies primarily promote:

Increased government intervention in trade.

Free markets, privatization, and minimal government intervention.

Protectionist trade barriers.

Centralized economic planning.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which trade agreement facilitates trade between the U.S., Canada, and Mexico?

EU

WTO

USMCA (formerly NAFTA)

Mercosur

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which global organization oversees international trade rules?

IMF

OPEC

WTO

EU

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tariff?

Financial aid for industries.

Import taxes to protect domestic industries.

Environmental and labor laws affecting trade.

Small loans to entrepreneurs.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 2008 Global Financial Crisis originated in:

Greece

China

The U.S.

Japan

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