
POB Ch 3
Authored by Karen Day
Business
9th - 12th Grade
Used 23+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Domestic business refers to business activities needed for creating, shipping, and selling goods across national borders.
False
True
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Without foreign trade, many things you buy would cost more or not be available.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a country exports more than it imports, it has a trade surplus.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of currency in one country compared with the value in another is called the interest rate.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An economy that is largely involved in agriculture is generally unable to provide its citizens with a large number of high-quality products.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A country’s culture, traditions, and religion can sometimes act as informal trade barriers.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a free-trade zone, member countries agree to remove duties and trade barriers on products traded among them.
True
False
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