Intro to Business Economics Unit Review (Ch. 2 and 3)

Intro to Business Economics Unit Review (Ch. 2 and 3)

9th - 12th Grade

40 Qs

quiz-placeholder

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Intro to Business Economics Unit Review (Ch. 2 and 3)

Intro to Business Economics Unit Review (Ch. 2 and 3)

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Jessica Nelson

Used 5+ times

FREE Resource

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As access to technology skyrockets and barriers to trade continue to fall, global business opportunities have increased.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States has a trade surplus.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A measurement of the value of one nation's currency relative to the currency of other nations is known as the dollar trade value.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There is less government involvement in socialist economies than in communist economies.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Competition is essential for the free market system to function.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All countries' currency have the same value.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Global trade INCREASES dependence on one economy, raising the risk for multinational firms

True

False

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