
PBMF Ch 5 Global Business
Authored by Regina Jackson
Business
8th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not a benefit of exporting?
Reduce legal documents
Realize potential new markets
Increase profits
Generate jobs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An absolute advantage exists when a country can produce goods more efficiently than _____.
the previous year
average
with a floating currency
another country
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Balance of trade is _____.
A. exports plus imports
B. exports minus imports
C. exports minus tariffs
D. the same as the balance of payments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most currencies today are _____.
fixed
restricted
floating
not influenced by economic factors
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a trade barrier?
Embargo
Bloc
Tariff
Quota
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of countries that have reduced or eliminated trade barriers among themselves is a(n) ____.
free-trade zone
free-travel zone
mutual trade area
embargo zone
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ____ for international shipping is more complex compared to domestic shipping.
packaging
logistics
absolute advantage
trade agreement
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