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Principles of Entrepreneurship Week 4- Quiz 4

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

Business activity in which goods and services are sent from a country and sold to foreign consumers.

a)

Fair Trade

b)

Exporting

c)

Tariff

d)

Quota

e)

Local Economy

2.

Policy of ensuring that small producers in developing nations earn sufficient profit on their exported goods to improve their working, environmental, and social conditions.

a)

Fair Trade

b)

Exporting

c)

Tariff

d)

Quota

e)

Local Economy

3.

Value of one currency unit in relation to another.

a)

Tariff

b)

Importing

c)

Exporting

d)

Foreign Exchange Rate

e)

Quota

4.

Flow of goods services around the whole world.

a)

Exporting

b)

Global Economy

c)

Sustainable Economic Development

d)

Importing

e)

Foreign Exchange Rate

5.

Business activity in which goods and services are brought into a country from foreign suppliers.

a)

Exporting

b)

Global Economy

c)

Sustainable Economic Development

d)

Importing

e)

Foreign Exchange Rate

6.

Economy that covers a limited area, such as a community or town.

a)

Fair Trade

b)

Foreign Exchange Rate

c)

Sustainable Economic Development

d)

Local Economy

e)

Trade Barrier

7.

Limit on the quantity of a product that can be imported into a country

a)

Fair Trade

b)

Exporting

c)

Tariff

d)

Quota

e)

Local Economy

8.

Another term for sustainable economic development

a)

Trade Barrier

b)

Sustainability

c)

Exporting

d)

Tariff

e)

Fair Trade

9.

Economic development that does not harm society or the environment. It ensures that human and natural resources are maintained for future generations

a)

Exporting

b)

Global Economy

c)

Sustainable Economic Development

d)

Importing

e)

Foreign Exchange Rate

10.

Fee, similar to a tax, that importers must pay on the goods they import.

a)

Tariff

b)

Importing

c)

Exporting

d)

Foreign Exchange Rate

e)

Quota

11.

Governmental restriction on international trade.

a)

Trade Barrier

b)

Sustainability

c)

Exporting

d)

Tariff

e)

Fair Trade