Chapter 3 Business in The Global Economy

Chapter 3 Business in The Global Economy

9th - 12th Grade

32 Qs

quiz-placeholder

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Chapter 3 Business in The Global Economy

Chapter 3 Business in The Global Economy

Assessment

Quiz

Specialty

9th - 12th Grade

Medium

Created by

Shelly Leifer

Used 86+ times

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Without foreign trade, many things you buy would cost more or not be available at all.

true

false

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A free-trade zone is a selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing

true

false

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A(n) ______ is the value of a currency of one country compared with the value of another.

balance of payments

excnage rate

inflation rate

discount rate

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A balance-of-payments calculation includes other forms of exchange among nations in addition to trade.

true

false

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A U.S. manufacturer of computer chips wants to produce some of its chips in Japan. The U.S. company wants to do this with as little financial investment and risk as possible. It also does not want to be actively involved with the Japanese company. Which expansion method should the U.S. company use?

joint venture

international partnership

franchising

licensing

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

An organization that does business in several countries is known as a(n)

parent company

multinational company

world trade organization

imperialist company

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following situations in Russia would likely cause the value of the Russian ruble to rise?

high inflation

low interest rates

a new law restricting foreign businesses

an unstable government

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