Intro to Business Spring 2019 Final
Authored by Alisha Gray
Business
9th - 12th Grade
Used 52+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are goods and services that one country buys from another country?
imports
exports
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are goods and services that one country sells to another country?
exports
imports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference in value between a country's imports and exports over a period of time?
balance of trade
comparative advantage
comparative disadvantage
exchange rate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the ability of a county or company to produce a particular good more efficiently than another country or company?
comparative advantage
balance
comparative disadvantage
exports
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the price at which one currency can buy another currency?
exchange rate
balance of trade
trade
exchange commission
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the practice of the government putting limits on foreign trade to protect businesses at home?
protectionism
free trade
balance of trade
comparative advantage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tax placed on imports to increase their price in the domestic market?
tariff
quota
embargo
free trade
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