Global Commerce - fill in blanks

Global Commerce - fill in blanks

8th - 11th Grade

16 Qs

quiz-placeholder

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Global Commerce - fill in blanks

Global Commerce - fill in blanks

Assessment

Quiz

Social Studies

8th - 11th Grade

Practice Problem

Hard

Created by

Glenn Lovegrove

Used 45+ times

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16 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The increased interconnectedness and interdependence of people and countries. It is generally understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; and the changes in institutions and policies at national and international levels that facilitate or promote such flows.”

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Demonstrates how money moves through society. Money flows from firms to households as wages and flows back to firms as payment for products.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Refers to a product or service produced in one country but sold to a buyer abroad

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Is a good or service bought in one country that was produced in another.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The inputs needed for creating a good or service, which include: land, labour, entrepreneurship and captial.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

GDP is an acronym for...

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