This quiz works best with JavaScript enabled. Home > Economics > International > Trade > Trade Exchange And Interdependence – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Trade Exchange And Interdependence Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which European country has the GREATEST impact upon the religion and language of modern-day Brazil? A) Portugal. B) England. C) France. D) Spain. Show Answer Correct Answer: A) Portugal. 2. This is a type of protectionist trade that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. A) Tariff. B) Quota. C) Embargo. D) None of above. Show Answer Correct Answer: B) Quota. 3. There are ..... types under collection method A) One. B) Two. C) Three. D) None of above. Show Answer Correct Answer: B) Two. 4. Purpose:To prevent too much of a good from entering a country A) Quota. B) Tariff. C) Embargo. D) None of above. Show Answer Correct Answer: A) Quota. 5. The following our included in the current account except A) Investment Income. B) Net Transfers. C) Net Capital Outflow. D) Net Exports. Show Answer Correct Answer: C) Net Capital Outflow. 6. Local trade is carried in: A) Cities. B) Towns. C) Villages. D) All of these. Show Answer Correct Answer: D) All of these. 7. The Columbian Exchange opened a trade route between what parts of the world? A) Europe and Africa. B) Asia and Europe. C) Australia and Asia. D) Americas and Europe. Show Answer Correct Answer: D) Americas and Europe. 8. How is an exchange rate determined in the money market? A) The forces of supply and demand. B) Government/the Federal Reserve Bank. C) Whatever sellers of goods are willing to take. D) Investors decide the value of the currency they wish to invest. Show Answer Correct Answer: A) The forces of supply and demand. 9. What is an example of trading goods for money? A) Selling rice. B) Swapping sandwiches. C) Mowing your neighbor's lawn. D) None of above. Show Answer Correct Answer: A) Selling rice. 10. Example:In 1996, the US taxed imported grapes, ceramic tableware, and motorcycles. A) Quota. B) Tariff. C) Embargo. D) None of above. Show Answer Correct Answer: B) Tariff. 11. A type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. A) Embargo. B) Quota. C) Tariff. D) Subsidy. Show Answer Correct Answer: B) Quota. 12. A situation in which a nation exports more goods and services than it imports. A) Trade Surplus. B) Balance of Trade. C) Trade Deficit. D) Balance of Payments. Show Answer Correct Answer: A) Trade Surplus. 13. Who benefits from the depreciation of the Japanese yen relative to the Euro? A) European consumers of European Goods. B) Japanese consumers of Japanese Goods. C) European consumers of Japanese Goods. D) None of above. Show Answer Correct Answer: C) European consumers of Japanese Goods. 14. Mansa Musa is considered one of the richest men in history. What trade route allowed him to acquire so much wealth? A) Trans-Saharan Trade Route. B) Mediterranean Sea Complex. C) Silk Road. D) Columbian Exchange. Show Answer Correct Answer: A) Trans-Saharan Trade Route. 15. The Indians traded 1 skins for how many bags of rice? A) 7 bags. B) 5 bags. C) 10 bags. D) 2 bags. Show Answer Correct Answer: B) 5 bags. 16. Currency depreciation could be caused by A) Supply Increase or Demand Increase. B) Supply Increase or Demand Decrease. C) Supply Decrease or Demand Decrease. D) Supply Decrease or Demand Increase. Show Answer Correct Answer: B) Supply Increase or Demand Decrease. 17. ..... are taxes on ..... A) Tariffs, imports. B) Tariffs, exports. C) Quotas, imports. D) Quotas, exports. Show Answer Correct Answer: A) Tariffs, imports. 18. What were some things given to the Americas from Europe? A) Chickens, potatoes, and horses. B) Horses, cattle, sheep, and pigs. C) Deer. D) Snakes, alligators, bears, and horses. Show Answer Correct Answer: B) Horses, cattle, sheep, and pigs. 19. The two main countries that explored Latin America were ..... and ..... A) Spain, Portugal. B) Spanish, Portuguese. C) France, Italy. D) None of above. Show Answer Correct Answer: A) Spain, Portugal. 20. Borrowed money that a country owes to foreign countries and banks is called A) Internal debt. B) National debt. C) Default. D) External debt. Show Answer Correct Answer: D) External debt. 21. Makes imported goods more expensive A) Quota. B) Tariff. C) Embargo. D) None of above. Show Answer Correct Answer: B) Tariff. 22. To impose a tax on imported goods (those coming from another nation) is an example of which type of political trade barrier? A) Quota. B) Policy. C) Tariff. D) Embargo. Show Answer Correct Answer: C) Tariff. 23. Only producing certain goods instead of everything you need is known as A) Importing. B) Specialization. C) Absolute advantage. D) Balance of trade. Show Answer Correct Answer: B) Specialization. 24. The ..... of Maharashtra is suitable for growing cotton. A) Climate. B) Water. C) Soil. D) None of above. Show Answer Correct Answer: C) Soil. 25. Example:The U.S. president increased the amount of imported peanuts allowed into the country by 100 million pounds per year. A) Quota. B) Tariff. C) Embargo. D) None of above. Show Answer Correct Answer: A) Quota. 26. European nations believed that ..... allowed nations to build strong navies and purchase vital goods. A) Land. B) Wealth. C) Gold. D) Dept. Show Answer Correct Answer: B) Wealth. 27. The ..... was the trading of ....., animals and ..... between the old word A) Columbian Exchange, crops, ideas. B) Ideas, crops Columbian Exchange. C) Europe, Americas, horses. D) None of above. Show Answer Correct Answer: A) Columbian Exchange, crops, ideas. 28. The trend toward a world that is more interconnected by technology, trade, and travel A) Globalization. B) Interdependent. C) Multinational corporation. D) Outsourcing. Show Answer Correct Answer: A) Globalization. 29. European Colonizers brought which group of people to the Americas to work as slaves? A) Christians. B) Europeans. C) Africans. D) Native Americans. Show Answer Correct Answer: C) Africans. 30. One trend associated with globalization is A) Less political cooperation among nations. B) Less political stability among nations. C) A growing reliance on the World Bank among nations. D) A growing economic interdependence among nations. Show Answer Correct Answer: D) A growing economic interdependence among nations. ← PreviousNext →Related QuizzesInternational QuizzesEconomics QuizzesTrade Exchange And Interdependence Quiz 1Trade Exchange And Interdependence Quiz 2Trade Exchange And Interdependence Quiz 3Trade Exchange And Interdependence Quiz 4Trade Exchange And Interdependence Quiz 5Trade Exchange And Interdependence Quiz 7Trade Exchange And Interdependence Quiz 8Trade Exchange And Interdependence Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books