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Trade Exchange And Interdependence Quiz 11 (20 MCQs)

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1. Which of the following is a positive effect of the Columbian Exchange?
2. The price of imported goods is higher for domestic consumers.
3. Which religion did European conquerors bring to the indigenous people of Latin America?
4. What are the three political trade barriers?
5. This trade barrier limits the number of products that can be brought into a country.
6. The greater the country's level of economic development, the-
7. What did the Indians bring for gifts?
8. Which is not a part of the New World?
9. Inward looking trade strategy relies on:
10. It unifies petroleum prices in order to promote stability in the world oil market and to ensure a regular supply of petroleum to other countries.
11. What was the economic system used by Great Britain in which colonies were established in the Americas?
12. The ..... was when Europeans brought people from ..... to be slaves in the New World
13. How did most goods travel on the Silk Road?
14. Example:In 1990, the Japanese Government announced it would extend its voluntary limit on automobile exports to the United States.
15. The United States currently has this type of trading agreement with North Korea.What is this an example of?
16. A shortage of imported goods can increase the price for domestic consumers and they have fewer choices.
17. Japanese auto firms agree to limits set in Washington D.C., on the # of Japanese cars that may be sold in the U.S.
18. What happens to the price of oil when OPEC countries decide to limit production?
19. Tourism also promotes:
20. A country that lacks ability to logistically transport imports & exports would be concerned with which component of the international business environment?
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