12th Grade Terms Of Trade Quizzes, Questions & Answers

12th Grade

Top Trending Terms Of Trade Quizzes

This is a vocabulary quiz over Chapter 17 in the Economics book. Chapter 17 is over International Trade. Good luck!

Questions: 13 | Attempts: 92 | Last updated: Mar 17, 2025

Sample Question
Absolute advantage

Difference between money paid to, and received from, other nations in trade; balance on current account includes goods and services, merchandise trade balance counts only goods.

A country's ability to produce a given product relatively more efficiently than another country; production at a lower opportunity cost.

A country's ability to produce more of a given product than another country.

System under which the value of currencies were fixed in relation to one another; the exchange rate system is effect until 1971.

None of the above.

Explore the dynamics of open economies in 'Macroeconomics [Ch. 18]' through questions on trade, investment, and economic policies. Assess your understanding of international trade, investment flows, and their impact on national...

Questions: 20 | Attempts: 4462 | Last updated: Mar 22, 2025

Sample Question
An economy that interacts with other economies is known as

A balanced trade economy

An export economy

An import economy

A closed economy

An open economy

Your Go-to Economics Quiz!

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic...

Questions: 81 | Attempts: 1136 | Last updated: Mar 17, 2025

Sample Question
1. Two major exports for the United States are

Clothing and office machines.

Soybeans and scientific instruments.

Footwear and fish.

Coffee and diamonds.

None of the above

Recent Terms Of Trade Quizzes

Understanding International Trade and Economic Transactions

Explore the essentials of economic trade through this focused quiz. Understand the dynamics of buying and selling goods and services, and how these transactions shape economies. Perfect for students preparing for Economics...

Questions: 25 | Attempts: 10 | Last updated: Aug 4, 2025

Sample Question
The physical export of motorcycles from the United States to Mexico best illustrates a...

Trade Flow

Environmental impact

Political alliance

Cultural exchange

Quiz: Test Your Knowledge Of International Trade Terms!

Test your knowledge of international trade terms with this engaging International Trade Terms Quiz! Challenge yourself with these interesting multiple-choice questions covering essential concepts and terminology related to global...

Questions: 15 | Attempts: 356 | Last updated: Jul 4, 2025

Sample Question
What is the term for a tax imposed on imported goods?

Import duty

Import tariff

Export tax

Import quota

Regional trade Agreement Quiz

Do you know about regional trading and its agreements? Try this regional trade agreement quiz to check your knowledge. Regional trading agreements basically refer to a treaty signed by countries to encourage the free movement of...

Questions: 10 | Attempts: 81 | Last updated: Aug 16, 2025

Sample Question
Which of the following is not an observer country of the SAARC?

Iran

Canada

USA

China

Wealth - Unit Review

This 'Wealth - Unit Review' quiz evaluates understanding of globalization, multinational corporations, socialism, fair trade, and economic indicators for different country statuses. It aims to assess knowledge on economic...

Questions: 15 | Attempts: 87 | Last updated: Mar 20, 2025

Sample Question
Select all the "pros" of globalization

Inequality between rich and poor

Cultural blending

Creating relationships between countries

Creates jobs

Increase in profits

US Outsource Manufacturing Quiz Questions

This quiz explores the dynamics of outsourcing in manufacturing, focusing on economic factors like comparative advantage, international price differences, and labor wages. It assesses understanding of outsourcing impacts,...

Questions: 20 | Attempts: 281 | Last updated: Mar 21, 2025

Sample Question
A country will find outsourcing attractive when:

The international relative price of components is less than the home price of components

The international relative price of components is less than the foreign country’s price of components

The home relative price of components falls.

The international relative price of research and development falls

A and E

Ultimate Quiz On Computer Industry

Explore the dynamics of labor economics and international trade through this quiz. Assess skills in understanding migration impacts, factor price equalization, and productivity differences across countries, relevant for students...

Questions: 20 | Attempts: 199 | Last updated: Mar 22, 2025

Sample Question
1. Assume that the housekeeping is a perfectly competitive global industry. A housekeeper from the Philippines is contemplating immigrating to Singapore in search of higher wages. Suppose that the housekeeper earns approximately $2,000 annually and expects to find a job in Singapore worth approximately $5,000 annually for a period of 3 years. Furthermore, assume that the cost of living in Singapore is $500 more per year than at home. 1) What can we say about the productivity of housekeepers in Singapore versus the Philippines?

MPL in Singapore = MPL in Philippines

MPL in Singapore > MPL in Philippines

MPL in Singapore < MPL in Philippines

MPL may be >, =, < MPL in Philippines depending on productivity, which we don’t know

We need more information to determine the correct answer.

Macroeconomics In The Global Economy

Answer 10 questions. Only one answer is correct. If you want to be under time pressure, use no more than 10 minutes.

Questions: 10 | Attempts: 1464 | Last updated: Mar 22, 2025

Sample Question
There are several methodologies to measure GDP. If you compare two of them: the product and expenditures methodologies, they should provide you with the same estimate of GDP...

Only for economies with a balanced current account

For all economies

Only when we measure GDP in PPP (purchasing power parity)

Only when inventories are constant

IT's Time For International Trade Quiz

Dive into the complexities of International Trade with this focused quiz. Explore key concepts like transaction risks, hedging strategies, and bankers' acceptances, sharpening skills crucial for navigating global markets. Ideal...

Questions: 12 | Attempts: 365 | Last updated: Mar 17, 2025

Sample Question
Transaction Risk occur when....

You must make a payment in a foreign currency in the future.

You must recieve a payment in a foreign currency in the future.

When you dont have enough money in your account

A and b

All the above

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