Global Business

Global Business

9th Grade

36 Qs

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Global Business

Global Business

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

Mrigaya Singh

Used 16+ times

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36 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods purchased from the rest of the world by a country’s residents, rather than buying domestically produced items.

Export

Import

Net Import

Net Export

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Imports lead to an outflow of funds from the country since import transactions involve payments to sellers residing in another country.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

goods and services that are produced domestically, but then sold to customers residing in other countries.

Import

Export

Net Export

(X-M)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Exports lead to an inflow of funds to the seller’s country since export transactions involve selling domestic goods and services to foreign buyers.

False

True

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

(X-M) stands for?

Net Export

Net Import

balanced Trade

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net exports are the estimation of the total value of a country’s imports minus the total value of its exports.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A positive net exports indicates ________.

Trade Surplus

Trade Deficit

Balanced Trade

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