
Econ Unit 3 Test Review (Macroeconomics)
Authored by Jennifer Walenta
Social Studies
10th - 12th Grade
Used 23+ times

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37 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not correct about "outsourcing?"
It involves a company hiring another country to do certain work activities.
It can reduce labor costs.
It increases costs of producing goods/ services.
Companies that outsource often open branches in developing countries.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define outsourcing.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following regions includes mostly developing nations?
Sub-Saharan African countries
Europe
North America
Scandinavian countries
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a true statement about the economic development of nations?
Resources and technology influence the economic development and quality of life of nations.
Although important, the economic development of nations has little effect on the quality of life of its people.
Modern technology is so widespread today that most people around the world have an acceptable quality of life.
All but a few countries are developed
nations today.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Import means
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Export means
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the United States need to import products?
The US needs to make money my importing products
Some products are easier and cheaper to make in other countries
The US makes everything we need on our own
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