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QUIZ 1

Authored by Vina Teresa Balbarona

Social Studies

University

Used 5+ times

QUIZ 1
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Market integration refers to the process where separate markets within an economy become more interconnected and operate as a single, larger market.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Capitalism is about accumulating capital, to gain capital, and the process is endless.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Europe established postal institutions to spread the idea of capitalism all over the world.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Alfamart, Dali, Julie's Bakeshop, SM Department store are examples of virtual market.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The rich core capitalist societies succeed by exploiting the poor peripheral ones.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Wage income is typically earned through the direct sale of goods produced by an individual

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The rise of capitalism in early modern Europe had no significant impact on the initial stages of market integration.

TRUE

FALSE

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