International Trade — Quiz

Question 1

Which situation might cause a country to specialize?

Revolt · Accepted Answer

wheat production in a region with fertile soil

Question 2

What role does competition play in international trade?

Revolt · Accepted Answer

It drives down prices for consumers.

Question 3

How does specialization enable countries to trade with one another?

Revolt · Accepted Answer

A country can make and sell goods affordably and buy goods that it is inefficient at making.

Question 4

Which region is most likely to export bananas to the United States?

Revolt · Accepted Answer

Central America

Question 5

Which region specializes in diamonds?

Revolt · Accepted Answer

Sub-Saharan Africa

Question 6

Which is the best example of a country that is dependent on other countries?

Revolt · Accepted Answer

a country that has little fertile soil

Question 7

In regard to trade, the United States

Revolt · Accepted Answer

imports and exports goods and services.

Question 8

When a country chooses to limit the kinds of goods or services it produces, it is practicing

Revolt · Accepted Answer

specialization.

International Trade — Quiz Answers