Trade Routes and Global Trade MCQ Test 1

1. Which trade route played a significant role in the exchange of goods such as tea, silk, and porcelain between China and the Western world?

2. During the Silk Road era, which item became known as the 'fabric of dreams' due to its rarity and value in trade?

3. What is the term for a route that connected Europe, Asia, and Africa, facilitating the exchange of goods and cultural ideas?

4. What ancient trade network connected the civilizations of Africa, Asia, and Europe, fostering cultural exchange and economic activities?

5. What term describes a situation where a country imports more goods and services than it exports, resulting in a deficit in the balance of trade?

6. What term is used to describe a situation where two countries agree to reduce or eliminate trade barriers, promoting the exchange of goods and services?

7. What term is used to describe a trade system where goods and services are exchanged without the use of money?

8. Which rare trade route connected the civilizations of ancient Egypt and Nubia, facilitating the exchange of goods such as gold, ivory, and ebony?

9. Which rare trade route connected the ancient Mayan civilization to other Mesoamerican cultures, enabling the exchange of jade, obsidian, and ceremonial items?

10. Which ancient trade route played a crucial role in connecting the civilizations of Greece and China, facilitating the exchange of goods and ideas?

11. What economic term refers to the policy of a government imposing restrictions on the import of certain goods to protect domestic industries?

12. Which ancient trade route connected the civilizations of Mesopotamia and the Indus Valley, facilitating the exchange of goods such as precious stones and metals?

13. Which ancient trade route connected the Mediterranean to the Red Sea, allowing trade between Egypt and other civilizations?

14. What is the term for a trade agreement between three countries, often involving economic cooperation and coordination on various levels?

15. During the colonial era, which commodity became known as 'black gold' due to its economic significance and impact on global trade?

16. Which water body served as a crucial route for maritime trade between Europe and Asia?

17. Which unique trade route connected the ancient city of Timbuktu to the Mediterranean, facilitating the exchange of gold, salt, and manuscripts?

18. In modern global trade, what term refers to the practice of a country exporting more goods than it imports, resulting in a trade surplus?

19. In modern trade, what organization aims to promote international economic cooperation and development?

20. In international trade, what does the term 'dumping' refer to?

21. Which ancient civilization developed the Amber Road, a trade route connecting the Baltic Sea to the Adriatic Sea?

22. During the Age of Exploration, which commodity played a central role in the establishment of trade routes and maritime dominance?

23. What is the term for an economic system where the means of production and distribution are privately or corporately owned?

24. What organization plays a crucial role in regulating international trade, overseeing agreements between member countries, and promoting fair trade practices?

25. What modern trade agreement aims to promote economic cooperation among North American nations?

26. Which less-explored maritime trade route connected the East Coast of Africa to Southeast Asia, facilitating the exchange of goods such as spices, gold, and ivory?

27. During the Renaissance, which city-state became a major hub for banking, trade, and commerce, playing a central role in European finance?

28. Which historical trade route connected the Mediterranean region to northern Europe, facilitating the exchange of goods such as amber, furs, and salt?

29. What term describes a situation where a country encourages the export of goods and discourages the import of certain products?

30. What term refers to a situation where a country exports more goods than it imports, resulting in a positive trade balance?

31. During the Age of Exploration, which spice became highly sought after and played a significant role in the establishment of trade routes?

32. During the Age of Exploration, which navigational instrument significantly improved maritime navigation and contributed to the expansion of global trade routes?

33. Which international organization, established in 1995, oversees global rules of trade between nations and resolves disputes related to trade agreements?

34. Which unconventional trade route facilitated the movement of goods between the ancient Aztec civilization and neighboring cultures, exchanging items like obsidian, cocoa, and turquoise?

35. Which historical trade route connected Africa to the Mediterranean, facilitating the exchange of goods like gold, salt, and ivory?

36. During the medieval period, which commodity became known as 'white gold' due to its economic importance and impact on trade routes?

37. In the 17th century, which country established trade relations with Japan, leading to a unique period of cultural exchange and economic cooperation?

38. In global economics, what term refers to the situation where a country exports more goods and services than it imports, resulting in a surplus in the balance of trade?

39. Which European power dominated trade in the Indian Ocean during the Age of Exploration?

40. What economic term describes a situation where a country intentionally depreciates its currency to gain a competitive advantage in international trade?

41. What is a key feature of maritime trade routes in history?

42. Which rare trade network connected the Inca civilization to distant regions, allowing the exchange of goods like quinoa, textiles, and ornamental items?

43. Which historical trade route connected China to the Mediterranean, facilitating the exchange of goods like silk and spices?

44. In ancient times, what was a key commodity exchanged along the Trans-Saharan Trade Route?

45. Which unconventional trade network connected the ancient civilizations of Mesopotamia, facilitating the exchange of goods such as copper, pottery, and textiles?

46. Which less-known trade route connected the Persian Gulf to the Mediterranean, playing a crucial role in the transportation of goods such as spices, silks, and precious stones?

47. Which geographical region served as a major hub for the transshipment of goods between the East and West in ancient maritime trade?

48. Which term refers to a situation where a country imports more goods than it exports, resulting in a negative trade balance?

49. During the Han Dynasty, which trade route connected China to the Roman Empire, facilitating the exchange of silk, spices, and precious metals?

50. In modern international trade, what does the term 'FTA' stand for?