Quiz  /  Internal Trade Class 12 MCQ Questions With Answers

  • 1. 
    Shrimp caught off the coast of Maine are flown to Asia.

  • import
  • export

  • 2. 
    Jewelry from Brazil is sold in stores in Utah.

  • import
  • export

  • 3. 
    Baseball bats made in Kentucky are used by baseball players in Japan.

  • import
  • export

  • 4. 
    The definition of TRADE is __________________.

  • Importing goods
  • to buy or sell goods or services
  • Exporting goods

  • 5. 
    Wheat grown in Iowa is used to make cereal in South America.

  • import
  • export

  • 6. 
    Computers made in China are used by students in Texas.

  • import
  • export

  • 7. 
    The United States EXPORTS

  • Kangaroos
  • Airplanes
  • Cocoa Beans

  • 8. 
    Diamonds found in South Africa are used to make rings in Maine.

  • import
  • export

  • 9. 
    Watches made in Norway are worn by people in California.

  • import
  • export

  • 10. 
    What is the GDP of the U.S.?

  • 5 Trillion Dollars
  • 12 Trillion Dollars
  • 1 Trillion Dollars
  • 18 Trillion Dollars

  • 11. 
    Export means

  • buying goods from another country
  • selling goods to another country
  • only making one kind of product

  • 12. 
    Why does the United States need to import products?

  • The US does not import products
  • Some are easier and cheaper to make in other countries
  • The US makes all of its own products

  • 13. 
    Clay pots made in Arizona are used by families in India.

  • import
  • export

  • 14. 
    The United States IMPORTS

  • Corn
  • Airplanes
  • Toys

  • 15. 
    China is known as:

  • The red invasion
  • The communist threat
  • The world's factory
  • The best economic system

  • 16. 
    Chairs made in North Carolina are flown to Mexico.

  • import
  • export

  • 17. 
    Tires made in Tennessee factories are used on cars in Europe.

  • import
  • export

  • 18. 
    How does this agreement negatively affect the U.S. economy? Use the information below to answer the question. Under the North American Free Trade Agreement (NAFTA), the last restrictions on U.S.–Mexican agricultural trade were removed in 2008. Between 2007 and 2008, the value of agricultural exports to Mexico increased by 23%, and the value of imports from Mexico increased by 26% for the main commodities that had been subject to those restrictions.

  • U.S. consumers will pay higher prices for Mexican products.
  • U.S. farmers will experience more competition
  • U.S. agricultural production will become less efficient.
  • U.S. foreign relations with Mexico will suffer.

  • 19. 
    Import means

  • buying goods from another country
  • selling goods to another country
  • only making one kind of product
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