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- 1. Multiple Choice
What word does NOT refer to the exchange of goods and services
Barter
Trade
Transaction
Indolence
- 2. Multiple Choice
Which is a form of international trade?
Trading between China and Jamaica
Trading between Antigua and Jamaica
Trading the Bahamas and Jamaica
Trading between Haiti and Jamaica
- 3. Multiple Choice
Jamaica sells bauxite to the USA which best describes Jamaica’s action?
Monopoly
Import
Export
Innovation
- 4. Multiple Choice
Which is NOT a reason why people trade? To______
earn valuable foreign exchange
obtain goods they cannot grow or produce
develop healthy relationships with countries
create trade barriers with countries
- 5. Multiple Choice
Mali is a country which imports more than it exports. How will this affect the economy of Mali? It will _____________
earn a lot of foreign exchange from trade
lose valuable revenue in trading
local producers will make a lot of profit
open more foreign markets for products from Mali
- 6. Multiple Choice
Every year Mr. Douglas sells 1000 tons of sugar to a company in England. Which word best describes Mr. Douglas?
retailer
importer
exporter
wholesaler
- 7. Multiple Choice
What is a special benefit experienced by CARICOM countries when they trade with each other? They _________
pay increased taxes
pay no taxes or pay at a special rate
wait a long time for goods to be processed
develop disagreements which affect trade
- 8. Multiple Choice
Which term refers to an agreement between three or more countries or organizations?
Multi - lateral
Bi - lateral
Consolidation
Sustainability
- 9. Multiple Choice
Country Product
Grenada Nutmeg, Mace
Jamaica Coffee, Bauxite
Barbados Sugar
Antigua Pineapple
Guyana Bauxite, Rice
Trinidad Asphalt, Oil
Which country is most likely to export materials for fixing roads?
Barbados
Guyana
Antigua
Trinidad
- 10. Multiple Choice
Country Product
Grenada Nutmeg, Mace
Jamaica Coffee, Bauxite
Barbados Sugar
Antigua Pineapple
Guyana Bauxite, Rice
Trinidad Asphalt, Oil
Which two countries produce the same item?
Jamaica and Antigua
Jamaica and Guyana
Trinidad and Barbados
Trinidad and Guyana
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