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Trade Exchange And Interdependence Quiz 4 (25 MCQs)

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1. A government order to stop trade with another country is called a(n)
2. Which term refers to an agreement between three or more countries or organizations?
3. To make imported goods more expensive
4. Example:In 2012, the United States Commerce Department announced that it would impose a tax ranging from 2.9% to 4.7% on Chinese made solar panels.
5. A tax on imports is called a(n):
6. Why do countries have to set up a system of currency exchange?
7. To work toward a goal while attempting to defeat rivals
8. What is purpose of OPEC?
9. This occurs when different countries choose to engage in the exchange of goods with one another.
10. A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).
11. Saudi Arabia produces large amounts of oil and export to other countries for profit. Other countries including the U.S. purchase this oil and pay taxes in the process of doing so.What is this an example of?
12. What were some things that Africa and Asia gave to the Americas?
13. What is the currency people use in much of the EU called?
14. In order to help Russian farmers sell more food, some people want to put a tax on the food imported from other countries. This is an example of a(n)
15. What products came out of England to supply its colonies?
16. The major Christian group (sect) spread by the Europeans was _____
17. A strategy to save foreign exchange by encouraging domestic production of such goods which the country has been importing from rest of the world is called:
18. Which of the following is a benefit of a fixed exchange rate regime?
19. How many foriegn tourists visited India in 2010
20. Who brought their goods and ideas with the Silk Roads?
21. A strategy to earn foreign exchange by promoting domestic exports and making domestic industry competitive in the international market is called:
22. What happens when two parties willingly trade with each other?
23. Which trade route linked East Africa with India and China?
24. North American Free Trade Agreement (NAFTA) promotes the movement of goods between participating countries without restrictive:
25. This factor of production that involves money, equipment, tools, and any items needed to produce goods and services?
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