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Globalization

Authored by Todd Lawson

Business, Social Studies, Education

11th - 12th Grade

Used 3+ times

Globalization
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21 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Labor, human capital, entrepreneurship, natural resources, and capital are all examples of which of the following?

Outputs
Substitutes in Production
Absolute Advantage
Factors of Production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because of scarcity, people are forced to make _________ about how to use resources.

Choices

Opportunities

Houses

Desires

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is multinational corporations ?

a company that is primarily based in more than one country

a company that is primarily based in one country

a company that is primarily based in some countries

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Import means

buying goods from another country
selling goods to another country
only making one kind of product

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Export means

buying goods from another country
selling goods to another country
only making one kind of product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax on imports

tariff

import tax

supply

embargo

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic System in which the government controls most of the means of production.

Command Economy
Diplomatic Economy
New Economy
World Economy

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