
BSME - Global Economy Quiz
Authored by July Lleno
Social Studies
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It refers to international exchange of goods and services.
Global Economy
Globalization
Economic System
Trade
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Global Economy is also known as Word Economy
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Protectionism means reducing trade barriers to make international
trade easier between countries.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade Liberalization is protecting one’s
economy from foreign
competition by
creating trade barriers
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Importation of Electric Fan from Country A to Country B. If the electric fan is worth 1200 pesos and the tariff is 500. How much will the cost of an electric fan in Country B?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Importation of bag from Country A to Country B. If the bag is worth 600 pesos and the tariff is 150. How much will the cost of bag in Country B?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________ is the trading of goods and services between two or more countries without tariffs or taces.
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