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WorksheetsInternational Economy
Total questions: 20
Worksheet time: 10mins
International Economy is...
branch of the economy that analyzes commercial transactions between two or more countries
is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them.
is synonym to international economics
All three are correct
International trade studies...
services
goods
goods and services
goods and services in a specific country
international investment
purchasing stocks in the same country you live in
purchasing stocks in another country
purchasing stocks in another country, but without this country's monetary use
purchasing in general
Capital is...
the general body of wage earners
a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively.
wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing:
A place where people live
Technology is...
the set of assets, goods or money used by a company or an individual to generate wealth and earn income by producing other goods and services.
the application of scientific knowledge to the practical aims of human life or, as it is sometimes phrased, to the change and manipulation of the human environment.
the general body of wage earners.
use of a computer program
NAFTA stands for...
North American Free Trade Agreement
North American Free Troll Agreement
North African Free Trade Agreement
North American Free Trade Argument
EU stands for
European Unison
European Undervalue
European Union
European Ubers
Exchange rate refers to...
the price of a country’s service in relation to another country’s money
the price of a country’s money in relation to another country’s service
the value of a country’s money in relation to another country’s money
the price of a country’s money in relation to another country’s money
trade barriers are...
synonym of free trade
agreements that make it difficult for a firm to enter a given market.
obstacles that make it difficult for a firm to enter a given market.
contractual arrangement between states concerning their trade relationships
APEC stands for...
Asia-Pacific Economic Care
Asia-Pacific Economic Cooperation
Asia-Pacific Economic Corporation
Asia-Pacific Economic Culture
Bulk commodity is not...
any homogenous liquid or solid material carried in a vessel without any intermediate form of contaiment
Coal, bauxite, iron ore, pet coke, limestone
any non-liquid, non-gaseous commodity shipped loose or in mass/aggregate
range of packaged products which are transported in vessels
Surplus is...
an excess of production or supply:
an amount of something left over when requirements have been met;
more than what is needed or used; excess:
All three are correct
deficit is...
the amount by which something, especially a sum of money, is too large.
more than what is needed or used; excess:
the amount by which something, especially a sum of money, is too small.
Import is not...
bring (goods or services) into a country from abroad for sale
a commodity, article, or service brought in from abroad for sale
to bring from a foreign or external source
to carry or send (something, such as a commodity) to some other place (such as another country)
Export is...
tax levied upon goods as they cross national boundaries
receive (goods or services) from another country for sale
send (goods or services) to another country for sale
a product or service bought abroad
WTO stands for...
World Trade Order
World Trading Organization
World Traditional Organization
World Trade Organization
Profitability is...
yielding advantageous returns or results
fruitlessness
To obtain losses from a good or service sold
Be pro something related to gaining
EURO refers to...
Exchange rate
A person from Europe
the single European currency
European
Agreement is...
harmony or accordance in opinion or feeling
a negotiated and typically illegally binding arrangement between parties as to a course of action
bring (goods or services) into a country from abroad for sale
the quality or state of being unprofitable
Which of these words is misspelled?
Economy
economicals
economize
economical
