Trade in Canada - Assessment

1.

Multiple Choice

5 mins

1 pt

In order to use their limited productive resources efficiently, countries and regions specialize.

True

False

2.

Multiple Choice

5 mins

1 pt

Goods and services shipped to other countries and regions are called....

Exports

Imports

3.

Multiple Choice

5 mins

1 pt

Goods and services bought and brought in from other countries and regions are called....

Exports

Imports

4.

Multiple Choice

5 mins

1 pt

The trading of goods and services between countries of the world is called Global Trade.

True

False

5.

Multiple Select

5 mins

1 pt

Which of the following are trade barriers....(select 3)

Tariffs

Free Trade

Quota

Embargo

6.

Multiple Choice

5 mins

1 pt

The US decides to charge an extra 10% for wheat shipped from Canada. This is------

a tariff

a quota

an embargo

free trade

7.

Multiple Choice

5 mins

1 pt

Canada stopped all trade with North Korea. This is---

a tariff

a quota

an embargo

free trade

8.

Multiple Choice

5 mins

1 pt

Canada placed a limit on the number of automobiles made in the US and shipped to Canada. This is----

a tariff

a quota

an embargo

free trade

9.

Multiple Select

5 mins

1 pt

Which of the following are key Canadian exports.....

lumber

office equipment

heavy machinery

oil

fish

10.

Multiple Select

5 mins

1 pt

Which of the following are key Canadian imports.....

lumber

office equipment

heavy machinery

oil

fish

11.

Multiple Choice

5 mins

1 pt

Canada imports more than it exports, this results in a ____________________ trade balance

Positive

Negative

12.

Multiple Select

5 mins

1 pt

How does trade help buyers? (select 2)

Provides more choices

Allows factories to by materials at a cheaper rate

Gives producers access to more customers

Competition pushed down prices

13.

Multiple Select

5 mins

1 pt

How does trade help sellers? (select 2)

Provides more choices

Allows factories to by materials at a cheaper rate

Gives producers access to more customers

Competition pushed down prices

14.

Multiple Select

5 mins

1 pt

Which of the following were goals of NAFTA/USMCA? (select 2)

to deal an economic blow to Russia

allow countries needed goods without paying for them

to raise tariffs in the US, Mexico, and Canada

to expand the market for goods and services

to reduce trade barriers and increase trade in North America

15.

Multiple Select

5 mins

1 pt

Which countries are are a part of NAFTA/USMCA? (select 3)

Canada

Great Britain

Mexico

United States

Brazil

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