Global Trade Quiz

What system involved the direct exchange of goods and services without money?

• Market Economy

• Barter System

• Trade Network

• Currency System

What revolutionized trade and economics by transitioning from barter systems?

• Colonialism

• Development of Currency

• Industrial Revolution

• Digital Trade

Which trade route connected the East and West, facilitating the exchange of goods?

• Trans-Atlantic Trade

• Maritime Trade Routes

• Ancient Trade Routes

• Silk Road

What economic policy focused on achieving a positive trade balance?

• Feudalism

• Socialism

• Capitalism

• Mercantilism

What was a significant impact of colonialism on global trade?

• Reduction of Trade Networks

• Decline of Currency Use

• Increased Barter Systems

• Exploitation of Local Resources

What advancement in the 20th century improved shipping efficiency?

• Containerization

• Telecommunications

• Silk Road

• Barter Systems

Which trade route significantly impacted economies across Europe, Africa, and the Americas?

• Silk Road

• Trans-Atlantic Trade

• Maritime Trade Routes

• Ancient Trade Routes

What has digital trade transformed in the modern economy?

• Physical Stores

• Currency Exchange

• Online Platforms

• Barter Systems

What is a key focus of sustainable trade practices?

• Maximizing Profits

• Environmental Stewardship

• Resource Exploitation

• Cultural Exchange

What did the rise of ancient trade routes facilitate?

• Isolation of Civilizations

• Exchange of Ideas and Cultures

• Decline of Economies

• Reduction of Trade