World Of Trade Vocabulary Test

16 Questions | Total Attempts: 42

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Trade Quizzes & Trivia

Answer each question in the space provided.


Questions and Answers
  • 1. 
    An exchange of goods or services.
    • A. 

      Trade

    • B. 

      Imports

    • C. 

      Export

    • D. 

      Market

  • 2. 
    Place where trade occurs.
    • A. 

      Quota

    • B. 

      Standard

    • C. 

      Market

    • D. 

      Trade

  • 3. 
    People who buy products or services.
    • A. 

      Producers

    • B. 

      Consumers

    • C. 

      Embargo

    • D. 

      Subsidy

  • 4. 
    A regulation or law that slows or prevents trading with another nation.
    • A. 

      Tariff

    • B. 

      Quota

    • C. 

      Producer

    • D. 

      Trade Barrier

  • 5. 
    A belief that products should be free to move from country to country without barriers.
    • A. 

      Free Trade

    • B. 

      Import

    • C. 

      Export

    • D. 

      Emigrate

  • 6. 
    Define Domestic Trade.
  • 7. 
    Define International Trade.
  • 8. 
    Define Import.
  • 9. 
    Define Export.
  • 10. 
    Define Culture.
  • 11. 
    Define Quota.
  • 12. 
    Define Tariff.
  • 13. 
    Define Standard
  • 14. 
    Define Currency.
  • 15. 
    Define Exchange Rate.
  • 16. 
    Explain the difference between a person who is an Emigrant and Immigrant.