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economics thingy

Authored by Aremy Ledesma-Salazar

Business

12th Grade

economics thingy
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the impacts and are impacted by global events?

supply and demand

global economy

prices

all the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a product that is sold to the global market

export

import

specialization

global economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is a product brought from the global market

specialization

supply

import

export

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an international trade

demand

specialization

supply

export

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners

absolute advanatge

comparative advantage

global economy

supply and demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

leads to unambiguous gains from specialization and trade only in cases wherein each producer has an absolute advantage in producing some good

consumers

comparative advantage

imports and exports

absolute advantage

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

is simpler between the two theories

free trade

protectionism

none of the above

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