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Trade Exchange And Interdependence Quiz 13 (30 MCQs)

Quiz Instructions

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1. "We rode our camels across the desert, carrying salt." This sentence describes what trade route?
2. Which is a form of international trade?
3. Wheat, barley, oats, and rice were grains that was introduced to where?
4. Developed nations have all of the following except
5. The main language spoken in Brazil is ..... while most of the other parts of Latin America speak .....
6. The last stage of economic growth is
7. In which countries do buyers and sellers usually come to agreement on prices in order to trade? (mostly market)
8. Underdeveloped nations tend to trade what type of goods?
9. What has been a major success of the European Union (EU) in recent years?
10. During the rule of the Song Dynasty, the population grew and new cities sprang up around China. What invention allowed trade to increase?
11. Purpose:To make imported goods more expensive
12. An association of 12 member nations of southeast Asia to promote economic growth, free trade and economic collaboration between member nations.
13. If Panama decides to stop trading with Venezuela because of oil spills and oil pollution, what kind of trade barrier would be placed on Venezuela?
14. The positive results of globalization include:
15. To prevent too much of a good from entering a country
16. When determining comparative advantage one must determine
17. A limit on the number of cars that can be brought into the country
18. Tariffs and Quotas can benefit nations imposing them by .....
19. Consignment can be refer to
20. Making use of something in an unfair manner
21. Which of these is an example of a good?
22. Measures the price of one nation's currency in terms of another nation's currency
23. The process of ..... money from one country to that of another country is necessary because not all countries use the same type of money.
24. A grant of money, special loans, specially priced insurance, and so on from a government to a business
25. What determines the value of a currency?
26. Choose true to receive credit for this question.
27. The ability to produce a good or service at a lower opportunity cost than another country
28. Which type of country is MOST likely to have a surplus in visible trade?
29. During the second Silk Roads era, the items exchanged included the following:
30. The value of a nations currency in relation to a foreign currency.
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