Unit 3: Competition
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Matt Wibbeler
Used 17+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In international trade, the main purpose of a quota is to
limit the quantity of a product that can be imported into a country
create a positive impact on the foreign exchange rate
generate tax income from imported goods
all of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Importing and exporting are business activities that take place within
the United States
nonprofit organizations
the global economy
countries with a command economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are potential obstacles for entrepreneurs who want to conduct international trade?
trade barriers
cultural differences between countries
tariffs
all of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The foreign exchange rate is
the rate at which countries do business
the value of one currency in relation to another
the value of the dollar in relation to foreign currencies
the fair trade value of currencies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fair trade is a policy that
is encouraged by private organizations
helps developing nations
links small producers with foreign merchants
all of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Because both UPS and FedEx provide overnight delivery services, they are an example of
indirect competitors
strong direct competitors
partners
weak direct competitors
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Coca-Cola and Honest Tea (which sells organic teas by the bottle) are an example of
indirect competitors
strong direct competitors
partner
weak direct competitors
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