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Chapter 3

Authored by John Boyd

Business

University

Used 4+ times

Chapter 3
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are interest rates?

The cost of using someone else’s money

The profit made from investments

The amount of money saved in a bank

The value of a country's currency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The accepted behaviors, customs, and values of a society are referred to as:

Economy

Culture

Politics

Infrastructure

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A nation’s transportation, communication, and utility systems are referred to as its:

Economy

Culture

Infrastructure

Government

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A trade barrier is:

A free trade agreement

A restriction to free trade

An economic partnership

A type of currency exchange

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a government completely stops the import or export of a product, it is called a(n):

Tariff

Quota

Embargo

Subsidy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company that does business in several countries is known as a:

Domestic company

Multinational company

Local company

Regional company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The right to use a company name or business process in a specific way is called:

Licensing

Franchising

Patenting

Branding

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