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WorksheetsAg Business Spring 2022 Final
Total questions: 52
Worksheet time: 32mins
What is another term for a country?
developed state
country state
sovereign states
developing state
What classification of industrialization is "a country that has achieved a high level of industrialization"?
developed
developing
least developed
Which of the following is an example of a developed country?
Brazil
South Africa
China
Mexico
What classification of industrialization refers to "third world countries"?
developed
developing
least developed
Which of the following is a developing country?
India
Portugal
Sweden
Monaco
What classification of industrialization "exhibits the lowest indicators or socioeconomic development along with the lowest Human Development Index rating of all countries?
developed
least developed
developing
What is he number of people in a given area?
demographics
population
barrier
tariff
What is the study of the human population?
demographics
demography
sovereignty
FAS
What is the data collected about the human population?
demographics
demography
misery
tarriffs
What was the human population in 1804?
1 billion
2 billion
2.5 billion
5 billion
What is the projected population for 2050?
5.8 billion
7.9 billion
8.9 billion
9.5 billion
How many people live in poverty?
1 billion
2 billion
3 billion
4 billion
What fraction of the world is malnourished?
1/8
1/3
1/5
1/7
Who was the political economist who wrote "Essay on the Principle of Population"?
Abraham Lincoln
Albert Einstein
Thomas Malthus
Mark Mueller
What was the Malthusian Theory?
Concerning conclusions from the political scientist theory, what is "the mechanism that balances human requirements & available resources"?
demographics
misery
population
sovereignty
What does FAO stand for (agency within the UN that heads international efforts to defeat hunger & provide data on the world production of major crops)?
Food Association Organization
Federal Agriculture Organization
Food for Agriculture Organization
Food & Agriculture Organization
What percent of world corn does the US produce?
34%
36%
38%
40%
Who is the top producer of sorghum?
USA
india
Nigeria
Sudan
What percent of world soybean production does US produce?
42%
53%
38%
40%
What rank is canola seed for oil seed crops?
2nd
3rd
4th
5th
What rank are potatoes in food crops for the world?
2nd
3rd
4th
5th
What fraction of sugar is grown in tropical zones?
2/3
3/4
5/8
11/16
Who is the world-wide leader is sugar beet production?
US
India
Indonesia
russia
What are products brought into one country from another country?
demographics
imports
exports
sovereignty
What are commodities sold & shipped from one country to another?
sovereignty
demographics
imports
exports
Which product has Japan as the top receiver of this US export?
soybeans
cotton
corn
rice
Where does the US import the most fresh & frozen fruits & veggies from?
México
Paraguay
Venezuela
Guatemala
What is "exchange of goods & services between different countries"?
sovereignty
free trade
international trade
tariffs
What type of advantage is "the ability of a country or region to produce goods or services at a lower cost per unit than the cost at which any other country or region produces the good or service"?
absolute
comparative
What type of advantages is "a situation in which a country or region can produce a good at a lower opportunity cost than a competitor"?
absolute
comparative
What is "a system in which goods & services are traded without government-imposed restriction, which result in higher cost of goods & services to consumers & producers"?
FAS
Trade concession
free trade
transfer pricing
What is FAS, the agency within the U.S. department of agriculture that promotes agricultural trade?
What are "restrictions placed on the sale of products by the country exporting to the country importing"?
barriers
transfer pricing
embargoes
tariffs
What are duties or fees imposed by importing actions upon the sales of products in their country from exporting nations?
transfer pricing
tariffs
embargoes
trade concessions
What are actions with political implications where a deal is granted to select nations; may include long payment periods, occasional payment forgiveness, low interest, & other favorable terms?
transfer pricing
non-tariff restrictions
subsidies
trade concessions
What is the term that has to do with multinational corporations adjusting the price of commodities exchanged between the parent company and its subsidiary according to the rate of the country involved in the exchange?
tariffs
transfer pricing
trade concessions
subsidies
What are the quotas, packaging, & labeling requirements; health & safety standards; & custom regulations/
transfer pricing
import quotas
non-tariff restricitons
subsidies
What is the physical set limit on the quantity of a good that can be imported into a country in a given period of time?
transfer prices
import licenses
import quotas
subsidies
What is the form of financial assistance paid to a business or economic sector?
trade concessions
subsidies
tariffs
transfer pricing
What is the document issued by a national government authorizing the importation of certain goods?
trade concessions
import quota
trade deficit
import licenses
What is the term when a country exports more than it imports; or has a positive trade balance?
trade surplus
trade deficit
What is the term when a country imports more than it exports?
trade surplus
trade deficit
What was one of the reasons for trade restrictions/barriers?
(a)
What type of agreement relates to a contract or engagement imposed on one side or party?
NAFTA
unilateral
GATT
bilateral
What type of agreement affects two sides or parties involved with trading?
EU
Multilateral
GATT
bilateral
What type of agreement are those participated in by more than two nations when trading?
unilateral
bilateral
multilateral
What group deals with the rules of trade between nations at a global or near-global level and consists of 153 member nations?
EU
NAFTA
WHO
GATT
What is the agreement, consisting of multilateral treaties between governments concerned with international trade?
WHO
EU
GATT
NAFTA
What is the agreement designed to remove most barriers out of trade and investment among US, Canada, & Mexico?
GATT
NAFTA
WHO
EU
What is an economic & political union established in 1992, & has a standardized system of laws that guarantees the freedom of movement of people, goods, services, & capital?
EU
NAFTA
GATT
WHO
What is the "rate between two currencies, which specify how much one currency is in worth in comparison to another"?
trade concession
trade deficit
exchange rate
trade surplus
