
Chapter 3 Quiz Review
Authored by Jenell Warren
Business
9th - 12th Grade
Used 3+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Foreign debt is the amount of money that other countries owe the United States.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a country imports more than it exports, it has trade deficit.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tariffs on certain goods are used to restrict free trade.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The North American Free Trade Agreement (NAFTA) is an agreement created by the United States, Mexico, and Japan.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Franchise agreements are popular with fast-food companies such as McDonald's, Wendy's, and Burger King.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which international trade organization or agreement maintains a system of world trade and exchange rates?
World Bank
International Monetary Fund (IMF)
North American Free Trade Agreement (NAFTA)
World Trade Organization (WTO)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which international trade organization or agreement was created after World War II to provide loans for rebuilding?
International Monetary Fund (IMF)
World Bank
World Trade Organization (WTO)
North American Free Trade Agreement (NAFTA)
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