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PHS PBMF Chapter 3 Test 2020

Authored by Dusty Baumann

Business

10th - 12th Grade

Used 5+ times

PHS PBMF Chapter 3 Test 2020
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An informal trade barrier is created by government actions

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Domestic business refers to business activities needed for creating, shipping, selling goods across national borders

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country's culture, traditions, and religion can sometimes act as informal trade barriers

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Multinational companies sometimes control a country's political power

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country may set a quota to protect one of its industries from too much competition

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Infrastructure is a significant factor that affects the economic development of a country

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount the country owes to other countries is called?

trade surplus

foreign debt

trade deficit

balance of payments

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