Mock_test

Mock_test

University

10 Qs

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Mock_test

Mock_test

Assessment

Quiz

Education

University

Practice Problem

Hard

Created by

Tahmasib Alizada

Used 4+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the dominant form of production and consumption around the world?

Capitalism

Communism

Globalization

Laissez-faire

Mercantilism

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the most important institution of allocation of resources in a capitalist system?

the elites

the state

the autocrats

the market

the government

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Consequences of the Industrial Revolution:

Creation of an industrial working class

all of the above

Urbanization

Population effects

Growth of global markets and international trade

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Globalization:

is a mixture of both negative and beneficial effects

is inherently negative

is mostly negative

is mostly beneficial

is always beneficial

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is NOT TRUE regarding TNCs (MNEs) ?

TNCs have the advantages of economies of scale

TNCs are the primary agents of international trade

They account for a large portion of the goods produced in the world

Most maintain their headquarters in North America, Western Europe, and Japan

Their total number has decreased since 1970 with mergers and consolidations

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which commodities dominate international trade?

Manufactured goods and commercial services

Chemicals

Travel

Transportation

Agricultural products

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Choose the wrong statement

Mediterranean traders like the Genoese and the Venetians established banking operations in distant locations as early as 1200 CE to finance the trade which their ships carried

From the time that people began to trade with one another, they set up foreign commercial operations

Foreign commercial investment reached a high point in the development of the large mercantile trading companies

Foreign direct investment was discovered and developed in the 21st century

Beginning in the eighteenth century, but more importantly in the nineteenth century, there was a direct foreign investment in agriculture, mining, and manufacturing as distinct from the earlier forms of commercial investment

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