Global economy: A short revision

Global economy: A short revision

University

10 Qs

quiz-placeholder

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Global economy: A short revision

Global economy: A short revision

Assessment

Quiz

English

University

Hard

Created by

Patricia Góngora

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A limited quantity of a product which may be produced, exported, or imported is called a ___.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

An arrangement between two countries make to trade without tariffs, quotas, or other restrictions on some products is called ___.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The reduction of barriers to make foreign trade between countries easier is called ___.

protectionism

socialism

capitalism

trade liberalisation

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Taxes imposed on imports or exports to discourage foreign trade are called ___.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The relocation of manufacturing jobs so as to cut the cost of production is called ___.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Countries that have a lower average standard of living are often called ___.

stagnant countries

developing countries

a banana republic

developed countries

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The organisation in charge of regulating foreign trade and conducting trade negotiations is the ___.

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