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Trade Exchange And Interdependence Quiz 2 (25 MCQs)

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1. What does Saudi Arabia specialize in trading?
2. All of the following are traits which are common in entrepreneurs except:
3. Tariffs, quotas, and embargoes are all examples of
4. Why were the items brought to Europe, Africa, and Asia strange?
5. To limit the number of items that is imported from a specific country on a select goods is an example of which type of political trade barrier?
6. Why were the Africans' heads shaved?
7. How many member countries use the euro?
8. Which of the following would definitely move a country toward a current account deficit?
9. How are tariffs and quotas alike?
10. If Israel decides to import only 15, 000 pounds of sugar in 2020 to reduce obesity, what type of trade barrier are they using?
11. One of the industries Israel specializes in is _____
12. The Black Death spread along what?
13. A limit placed on the number of goods brought into a country is a
14. An international agency that enforces trade agreements and settles trade disputes between nations
15. Trade is the exchange of goods and _____
16. The Silk Road led to what shared throughout societies?
17. To transition to a mixed-market economy, countries need to:* _____ state-owned businesses. * open trade with other countries. * establish a fair-labor market.
18. The conditions on the trip to the new world were _____
19. Which of the following industry will be classified under sunrise industry prior to 1991?
20. Which countries participated in the Triangular Trade?
21. International trade makes sense when it is based on _____
22. In 1962, the United States prohibited all imports and exports to and from Cuba. This is an example of a/an:
23. When the U.S. dollar buys more Japanese yen, the U.S. dollar has:I become more valuable in terms of the yen II. appreciated III. depreciated
24. Trade in which both partners freely agree to and benefit from the exchange of goods/services.
25. African slaves were used to work on the _____ and in the _____
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