Doing Business in a Global Market

Doing Business in a Global Market

University

24 Qs

quiz-placeholder

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Doing Business in a Global Market

Doing Business in a Global Market

Assessment

Quiz

Business

University

Hard

Created by

Lourdes Ramboa

Used 22+ times

FREE Resource

24 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 5 pts

_______ _______ states that a country should sell to other countries those products that it produces most effectively and efficiently and should buy from other countries those products that it cannot produce as effectively or efficiently.

2.

FILL IN THE BLANK QUESTION

1 min • 5 pts

_______ _______ is the advantage that exists when a country is able to produce a specific product more efficiently than all other countries

3.

FILL IN THE BLANK QUESTION

45 sec • 5 pts

A nation’s_______________ ______ _______________is the difference in value between its exports and imports.

4.

FILL IN THE BLANK QUESTION

1 min • 5 pts

What was the last year that the balance of trade was a positive number for the United States?

5.

FILL IN THE BLANK QUESTION

1 min • 5 pts

This country left the European Union in January, 2020?

6.

FILL IN THE BLANK QUESTION

1 min • 5 pts

An __________is a tax levied by a nation on goods imported into the country

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

An ________prohibits trade in a particular product.

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