This quiz works best with JavaScript enabled. Home > International > Trade > Trade Exchange And Interdependence – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Trade Exchange And Interdependence Quiz 17 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. There was a high ....., or death rate. A) Mortality. B) Plantations. C) Mines. D) New World. Show Answer Correct Answer: A) Mortality. 2. What natural resource is Israel known for exporting? A) Oil. B) Diamonds. C) Iron Ore. D) Lumber. Show Answer Correct Answer: B) Diamonds. 3. Which of the following is India's notable exporting category? A) Gems and Jewellery. B) Agricultural products. C) Readymade garments. D) Coffee. Show Answer Correct Answer: A) Gems and Jewellery. 4. A good brought in from another country is called ..... A) Tariff. B) Export. C) Import. D) Embargo. Show Answer Correct Answer: C) Import. 5. In the short-run, tariffs and quotas help protect A) Domestic jobs. B) Foreign employment. C) Price wars. D) Consumer choice. Show Answer Correct Answer: A) Domestic jobs. 6. Not trading with nations who create products using child labor is used in the argument for A) Domestic Jobs. B) National Defense. C) Human Rights. D) Environment. Show Answer Correct Answer: C) Human Rights. 7. In economic terms, what is a trade barrier? A) A natural, geographic block to trade. B) Something that encourages free trade. C) Anything that restricts the amount of trade. D) A location where international trade takes place. Show Answer Correct Answer: C) Anything that restricts the amount of trade. 8. When it comes to disadvantages of international trade, which is not MENTIONED as a drawback of international trade? A) Risk of proprietary information theft. B) Political risk. C) Comparative cost. D) World war. Show Answer Correct Answer: C) Comparative cost. 9. Indus Valley, ....., and Egypt civilizations bought and sold with one another. A) Dubai. B) India. C) Mesopotamia. D) China. Show Answer Correct Answer: C) Mesopotamia. 10. A free-trade zone means: A) You don't have to pay money to get items. B) There are no tariffs between the countries in this zone. C) Trade happens less often. D) Trade does not happen. Show Answer Correct Answer: B) There are no tariffs between the countries in this zone. 11. What group of people suffered the most during the Columbian Exchange? A) Animals. B) Explorers. C) Native Americans. D) Europeans. Show Answer Correct Answer: C) Native Americans. 12. Many countries trade with Cuba because they have an abundance of sugar cane which allows them to export large amounts of sugar. What kind of service is this based on? A) Trade Barrier. B) Specialization. C) Maximum Spending. D) Economics. Show Answer Correct Answer: B) Specialization. 13. Fixed and floating are both types of what? A) Exchange Rates. B) Trade Barriers. C) Opportunity Costs. D) Trade Deficits. Show Answer Correct Answer: A) Exchange Rates. 14. In which year did the North American Free Trade Agreement come into effect? A) 1989. B) 1992. C) 1994. D) 2002. Show Answer Correct Answer: C) 1994. 15. Can cause negative relationships between countries as it is usually enacted for political purposes to hurt a country economically. A) Quota Cost. B) Tariff Cost. C) Embargo Cost. D) None of above. Show Answer Correct Answer: C) Embargo Cost. 16. In which country would it be most difficult for a person to start a business? A) Russia. B) Germany. C) United Kingdom. D) About the same for each. Show Answer Correct Answer: A) Russia. 17. The rise in percentage shares of secondary and tertiary sectors in GDP and the corresponding fall in the percentage share of the primary Sector is called: A) Economic calibration. B) Industrialisation. C) Structural transformation. D) Economic adjustment. Show Answer Correct Answer: C) Structural transformation. 18. Corporations such as Ford Motor Company, Shell Oil Company, and British Petroleum, which produce and sell products in different countries, are called A) Multinational. B) Mega companies. C) Industries. D) Globals. Show Answer Correct Answer: A) Multinational. 19. What has the country done as an anti-dumping measure? A) Putting tariffs. B) Trade barriers. C) Both A&B are correct. D) Both A&B are incorrect. Show Answer Correct Answer: C) Both A&B are correct. 20. The producer does all the following, except: A) Uses services. B) Gets money. C) Provides services. D) Make goods. Show Answer Correct Answer: A) Uses services. ← 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