PBMF - Ch 5 Business in a Global Economy

PBMF - Ch 5 Business in a Global Economy

9th - 10th Grade

12 Qs

quiz-placeholder

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PBMF - Ch 5 Business in a Global Economy

PBMF - Ch 5 Business in a Global Economy

Assessment

Quiz

Business

9th - 10th Grade

Hard

Created by

Lorie Martinez

Used 116+ times

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12 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Goods and services produced within a country's borders and solid in another country.

balance of trade

imports

exports

raw materials

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

When a country can produce goods more efficiently and at a lower cost than another country.

trade policy

absolute advantage

trade agreement

embargo

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Planning and managing the flow of goods, services, and people to a destination.

domestic business

international trade

trade barrier

logistics

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A limit on the amount of a product imported into a country during a specific period of time.

quota

embargo

trade sanctions

imports

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

When a business sells the right to manufacture its products or use its trademark.

tariff

licensing

franchise

logistics

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which is NOT a benefit of exporting?

Reduce legal documents

Realize potential new markets

Increase profits

Generate jobs

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

An absolute advantage exists when a country can produce goods more efficiently than -

the previous year

average

with a floating currency

another country

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