Chapter 3 Study Guide Review

Chapter 3 Study Guide Review

9th - 12th Grade

45 Qs

quiz-placeholder

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Chapter 3 Study Guide Review

Chapter 3 Study Guide Review

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Allen Stolte

Used 1+ times

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45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would be an example of international business?


A farmer in Iowa using U.S produced equipment

A restaurant in Chicago offering Asian menu items.

A sales staff in South Carolina representing a foreign producer.

A retail store in Oregon selling craft items from local artists.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country's imports exceed its exports, this is a trade

surplus

exchange

deficit

balance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The value of a country's currency is likely to decline as a result of


higher inflation

a trade surplus

lower interest rates

a favorable balance of payments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items bought from other countries are

Imports

Balance of trade

Exports

Exchange rate

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business happens when buying and selling crosses borders

Domestic business

None ya business

International business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Without foreign trade many of the things we buy would cost more or not be available

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods and services sold to other countries are called

Imports

Balance of trade

Exports

Tariffs

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