BF150 Quiz 1 Review

BF150 Quiz 1 Review

Professional Development

8 Qs

quiz-placeholder

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BF150 Quiz 1 Review

BF150 Quiz 1 Review

Assessment

Quiz

Social Studies

Professional Development

Practice Problem

Medium

Created by

Amanda Askew

Used 6+ times

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8 questions

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1.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

This means that the price of a basket of goods should be the equivalent in each country.

2.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

Selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their “fair” market value.

3.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

A policy that partially or entirely restricts the export of a good.

4.

FILL IN THE BLANK QUESTION

10 mins • 1 pt

If the real interest rate is the same worldwide, any difference in interest rates between countries reflects differing expectations about inflation rates

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

The theory that the situation where a capital intensive country exports products that are capital intensive

Adam Smith Theory

Hecksher-Ohlin Theory

Fisher Effect Theory

Ricardo Theory

6.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

This theory highlights the first mover advantage and highlights economies of scale

Hecksher-Ohlin Theory

Adam Smith Theory

Fisher Effect

The New Trade Theory

7.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Porter's Diamond Theory suggests that this attributes to promote or impede the creation of competitive advantage

Firm Strategy, Structure, and Rivalry

Current Forex Rates

Big Mac Prices

Climate Change

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