globalization

globalization

9th - 12th Grade

16 Qs

quiz-placeholder

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globalization

globalization

Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Hard

Created by

Sean Higgins

Used 8+ times

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16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sending goods to another country to sell.

import

export

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bringing goods in from another country to sell.

import

export

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The development of a worldwide economy where resources flow fairly freely across borders.

Globalization

Economy

GDP

Economic Independence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mc Donald's  is an example of a multinational corporation.

true
false

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The benefit or advantage of an economy to be able to produce a commodity at a lesser opportunity cost than other entities is referred to as

Opportunity Cost
Absolute Advantage
Comparative Advantage
Growth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The nation's ability to produce general goods more efficiently than another entity is referred to as?

Specialization
Comparative Advantage
Opportunity Cost
Absolute Advantage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade agreement between Canada, Mexico, and the US

NAFTA
EU
WTO
ABC

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