
BBB4M Chapters 1-3
Authored by Tamara Dell'Erba
Business
12th Grade

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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: a situation that exists when a country specializes in the production of a good or service at which it is relatively more efficient.
Comparative Advantage
Balance Of Trade
Opportunity Cost
Absolute Advantage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: all business activities needed to create, ship, and sell goods and services across national borders.
Comparative Advantage
Global Dependency
Domestic Business
International Business
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: a condition that exists when items consumers need and want are created in other countries.
Trade Barriers
International Business
Global Dependency
Absolute Advantage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition (consumer price index) the monthly Canadian federal government report on inflation
CPI
GNP
GDP
PPI
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: a group that consists of the parents, children, and other relatives living together
Nuclear Family
Extended Family
Collectivism
Culture
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: a group that consists of a parent or parents and unmarried children living at home together
Nuclear Family
Extended Family
Culture
Joint Family
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Definition: a situation that exists when a country can produce a good or service at a lower cost than other countries
Absolute Advantage
Balance Of Trade
Opportunity Cost
Comparative Advantage
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