This quiz works best with JavaScript enabled. Home > International > Trade > Trade Exchange And Interdependence – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Trade Exchange And Interdependence Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. 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. 3. The trend toward a world that is more interconnected by technology, trade, and travel A) Multinational corporation. B) Globalization. C) Interdependent. D) Outsourcing. Show Answer Correct Answer: B) Globalization. 4. European Colonizers brought which group of people to the Americas to work as slaves? A) Christians. B) Europeans. C) Native Americans. D) Africans. Show Answer Correct Answer: D) Africans. 5. Trade deficit occurs when A) Export>import. B) Export C) Export=import. D) Export#import. Show Answer Correct Answer: B) Export 6. What are goods? A) Candy. B) Personal property. C) Money. D) Trade. Show Answer Correct Answer: B) Personal property. 7. Tax on imports A) Embargo. B) Tariff. C) Quota. D) International currency. Show Answer Correct Answer: B) Tariff. 8. One trend associated with globalization is A) A growing reliance on the World Bank among nations. B) A growing economic interdependence among nations. C) Less political stability among nations. D) Less political cooperation among nations. Show Answer Correct Answer: B) A growing economic interdependence among nations. 9. The value of all monetary transactions between a country's economy and the rest of the world. A) Balance of Trade. B) Trade Deficit. C) Balance of Payments. D) Trade Surplus. Show Answer Correct Answer: C) Balance of Payments. 10. Balance of trade is measuredas: A) Dfference between import and export of goods. B) Difference between import and export of services. C) Difference between import and export of capital. D) Difference betwee all import and all export. Show Answer Correct Answer: A) Dfference between import and export of goods. 11. Telegraphic Transfer is A) Method of fund transfer. B) Method of shipping. C) Methods of importing. D) None of above. Show Answer Correct Answer: A) Method of fund transfer. 12. To focus on producing one thing to improve productivity is known as: A) Specialization. B) International trade. C) Absolute Advantage. D) Supply and Demand. Show Answer Correct Answer: A) Specialization. 13. Goods or services that a country sells to other nations A) Duty. B) Tariff. C) Export. D) Import. Show Answer Correct Answer: C) Export. 14. How much one currency is worth when compared to another is known as a A) Tariff. B) Exchange rate. C) Quota. D) Specialization. Show Answer Correct Answer: B) Exchange rate. 15. What is a problem with exchanging currency? A) People make more money by trading currency. B) Most people want to use American dollars to trade. C) Banks do not like to exchange their money for other currencies. D) It costs more to do business because banks charge fees for exchanges. Show Answer Correct Answer: D) It costs more to do business because banks charge fees for exchanges. 16. Trade can be an effect. What is a cause of trade? A) People growing rice and then eating it. B) People making sandwiches and refusing to give them away at lunch. C) People having too much of one thing and needing something else. D) None of above. Show Answer Correct Answer: C) People having too much of one thing and needing something else. 17. The United States has which of the following exchange rate regimes? A) Floating. B) Fixed. C) Fixed, but adjusted frequently. D) None of above. Show Answer Correct Answer: A) Floating. 18. The Old World ..... and the New World ..... A) Portugal, Spain. B) Europe, Americas. C) Unintentionally, Europeans. D) Horrible, plantations. Show Answer Correct Answer: B) Europe, Americas. 19. In order to help U.S. car companies sell more cars, some people want to put a limit on the number of cars imported from other countries. This is an example of (a) A) Embargo. B) Tariff. C) Quota. D) Currency exchange. Show Answer Correct Answer: C) Quota. 20. Trade between two countries is called A) National trade. B) International trade. C) Both of these. D) None of above. Show Answer Correct Answer: B) International trade. ← PreviousNext →Related QuizzesInternational 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 6Trade Exchange And Interdependence Quiz 7Trade Exchange And Interdependence Quiz 8Trade Exchange And Interdependence Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books