Trade Routes and Global Trade MCQ Test: Trade Routes and Global Trade MCQs - Practice Questions
1. What economic term refers to the policy of a government imposing restrictions on the import of certain goods to protect domestic industries?
2. Which European power dominated trade in the Indian Ocean during the Age of Exploration?
3. Which historical trade route connected the Mediterranean region to northern Europe, facilitating the exchange of goods such as amber, furs, and salt?
4. During the Middle Ages, which trade route connected the civilizations of Europe and Asia, facilitating the exchange of goods such as spices, textiles, and precious metals?
5. Which ancient trade route connected the Roman Empire to India, facilitating the trade of valuable goods such as spices and precious stones?
6. In modern international trade, what does the term 'FTA' stand for?
7. Which ancient trade route connected the Roman Empire to the Indian subcontinent, facilitating the exchange of goods such as spices, precious stones, and textiles?
8. What term is used to describe a trade system where goods and services are exchanged without the use of money?
9. What was a primary motivation for European exploration in the Age of Discovery?
10. In international trade, what does the term 'dumping' refer to?
11. In modern international trade, what does the term 'GATT' stand for?
12. Which unconventional trade route facilitated the movement of goods between the ancient Aztec civilization and neighboring cultures, exchanging items like obsidian, cocoa, and turquoise?
13. What is the term for an economic system where the means of production and distribution are privately or corporately owned?
14. What term refers to a situation where a country exports more goods than it imports, resulting in a positive trade balance?
15. 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?
16. During the Age of Exploration, which European explorer established the maritime route from Europe to India, significantly impacting global trade?
17. Which ancient trade route was known as the 'Silk Road of the Sea' due to its maritime nature?
18. What is a key feature of maritime trade routes in history?
19. What term describes the practice of reducing or eliminating trade barriers between two or more countries to encourage economic cooperation?
20. During the Silk Road era, which item became known as the 'fabric of dreams' due to its rarity and value in trade?