
Global Economy
Authored by Richard Fisher
Social Studies
8th Grade
Used 7+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Worldwide markets in which the buying and selling of good and services takes place is known as the what?
National Economy
Global Economy
US Economy
Mixed Economy
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Identify two of the reasons nations trade.
To buy goods and services at a lower cost.
To have lower opportunity cost
To produce more resources
To give more taxes to national governments
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a reason nations trade?
To produce more resources for their own country
To increase the income of government officials
To obtain goods they cannot produce themselves
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Engaging in global trade creates jobs.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does engaging in global trade increase competition?
Companies can sell goods and services to other countries
Taxes coming in from other countries increases profits
Tariffs allow businesses to grow
You can eat food from all over the world.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Virginia and the United States specialize in the production of certain goods and services that promote _______ and growth.
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Innovations in technology contribute to the global flow of what?
Information
Capital
Goods
Services
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