This quiz works best with JavaScript enabled. Home > International > Trade > Trade Exchange And Interdependence – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Trade Exchange And Interdependence Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Local trade is carried in: A) Cities. B) Towns. C) Villages. D) All of these. Show Answer Correct Answer: D) All of these. 2. 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. 3. 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. 4. 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. 5. 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. 6. 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) Subsidy. B) Quota. C) Embargo. D) Tariff. Show Answer Correct Answer: B) Quota. 7. A situation in which a nation exports more goods and services than it imports. A) Balance of Payments. B) Trade Surplus. C) Trade Deficit. D) Balance of Trade. Show Answer Correct Answer: B) Trade Surplus. 8. 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. 9. Mansa Musa is considered one of the richest men in history. What trade route allowed him to acquire so much wealth? A) Silk Road. B) Trans-Saharan Trade Route. C) Columbian Exchange. D) Mediterranean Sea Complex. Show Answer Correct Answer: B) Trans-Saharan Trade Route. 10. The Indians traded 1 skins for how many bags of rice? A) 10 bags. B) 7 bags. C) 2 bags. D) 5 bags. Show Answer Correct Answer: D) 5 bags. 11. 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. 12. ..... are taxes on ..... A) Quotas, exports. B) Quotas, imports. C) Tariffs, exports. D) Tariffs, imports. Show Answer Correct Answer: D) Tariffs, imports. 13. 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. 14. 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. 15. Borrowed money that a country owes to foreign countries and banks is called A) National debt. B) External debt. C) Internal debt. D) Default. Show Answer Correct Answer: B) External debt. 16. Makes imported goods more expensive A) Quota. B) Tariff. C) Embargo. D) None of above. Show Answer Correct Answer: B) Tariff. 17. To impose a tax on imported goods (those coming from another nation) is an example of which type of political trade barrier? A) Embargo. B) Quota. C) Tariff. D) Policy. Show Answer Correct Answer: C) Tariff. 18. Only producing certain goods instead of everything you need is known as A) Importing. B) Specialization. C) Balance of trade. D) Absolute advantage. Show Answer Correct Answer: B) Specialization. 19. The ..... of Maharashtra is suitable for growing cotton. A) Climate. B) Water. C) Soil. D) None of above. Show Answer Correct Answer: C) Soil. 20. 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. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books