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Week 3 IEF Quiz

Authored by Dharshini Balasingam

Social Studies

University

Used 1+ times

Week 3 IEF Quiz
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13 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of these provide "services"? (MULTIPLE RIGHT ANSWERS)

Petrol station

Internet provider

Grab Delivery

Mobile phone

Restaurant

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of these provide "goods"? (Multiple Right Answers)

Facebook

Starbucks

Nissan

Khan Academy

Family Mart

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increasing interdependence in the global economy is called

International economics

International economic integration

International Industry Interdependence

Circular economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a benefit of economic interdependence for consumers?

Increased wages

Healthy lifestyle

Lower prices for goods

Longer life expectancy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential downside of globalisation for countries?

Higher GDP

Loss of self sufficiency

Political cooperation

Immigration

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When international goods and services can be traded WITHOUT tariffs, that is called

Trade

Free Trade

Neutral Trade

Economics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who ends up paying for Tariffs?

Foreign governments

consumers

Domestic companies

foreign companies

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