International Business: Global Economy

International Business: Global Economy

8th Grade

35 Qs

quiz-placeholder

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International Business: Global Economy

International Business: Global Economy

Assessment

Quiz

Business

8th Grade

Practice Problem

Medium

Created by

Karla Foit

Used 70+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trade partners are countries that trade products with one another.

False

True

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a country has low literacy levels, little to no technology and focuses on agricutlre or mining, that country is considered to be:

Developing

Industrialized

Less-Developed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Silk is a product created by what type of resource?

Labor

Capital

Land

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross Domestic Product (GDP) is:

The measure of the amount of money a country owes to other countries.

The measure of the output of products created within a country.

The measure of the difference between what a country sells versus what a country buys from other countries.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country can create products at a lower cost than other countries, this is a(n) _________________ advantage.

comparative

absolute

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a country has improving educational systems, increasing technology and expanding industries, that country is considered to be:

Developing

Industrialized

Less-Developed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________________ is the making, buying and selling of products within a country.

International business

Global economy

Domestic business

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