ECON - Unit 5A Question Preview (ID: 62237)


SSEIN1. TEACHERS: click here for quick copy question ID numbers.

International trade...
a) is helpful to economic systems
b) is harmful to economic systems
c) has no effects on economic systems
d) ####

When a country can more efficiently carry out an economic activity than others... it is called:
a) an absolute advantage
b) a comparative advantage
c) ###
d) ####

When a nation produces goods at a lower opportunity cost than others... it is called:
a) a comparative advantage
b) an absolute advantage
c) ###
d) ####

A tax on imported goods is called:
a) a tariff
b) a quota
c) an embargo
d) a subsidy

A limit on imported goods is called:
a) a quota
b) an embargo
c) a standard
d) a tariff

Banning trade with another country is known as:
a) an embargo
b) a subsidy
c) a standard
d) a tariff

A requirement that must be met for a good to be imported... is called:
a) a standard
b) a subsidy
c) a tariff
d) a quota

A government payment to an exporting nation is called:
a) a subsidy
b) a standard
c) a quota
d) an embargo

Enhancing the flow of ideas AND increasing the variety of goods available... are:
a) benefits of trade
b) arguments against trade
c) ###
d) ####

Savannah and Brunswick are examples of:
a) ports in Georgia
b) international companies based in Augusta
c) Georgia cities with huge embargoes imposed on them
d) organizations within the World Trade Organization

The state of Georgia has had:
a) a significant impact on international trade
b) little impact on international trade
c) ###
d) ####

Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 62237 in the upper right hand corner or click here.

TEACHERS / EDUCATORS
Log In | Sign Up / Register

Help / Support / FAQ




Gaming Links