Unit 2 part 2

Unit 2 part 2

University

15 Qs

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Unit 2 part 2

Unit 2 part 2

Assessment

Quiz

Others

University

Practice Problem

Hard

Created by

Rosemarie Reyes

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is market integration?

A method of increasing competition

A type of financial crisis

A process of separating markets

A situation where separate markets become one single market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of integration involves merging with rivals to lessen competition?

Vertical Integration

Horizontal Integration

Conglomerate Integration

Backward Vertical Integration

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of backward vertical integration?

A company merging with a competitor

A company creating subsidiaries

A company acquiring a supplier

A company opening its own retail stores

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which international financial institution was established to oversee exchange rates?

International Monetary Fund (IMF)

World Bank

World Trade Organization (WTO)

Bretton Woods System

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the General Agreement on Tariffs and Trade (GATT) focus on?

Providing loans to countries

Reducing trade barriers

Encouraging social development

Stabilizing global finance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization was formed to increase the price of oil?

World Trade Organization (WTO)

International Monetary Fund (IMF)

Organization of Petroleum Exporting Countries (OPEC)

European Union (EU)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of the World Bank?

To oversee exchange rates

To facilitate trade agreements

To eradicate poverty

To stabilize global finance

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