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Economies, Trade, And Currency
Test Description: Review of Econmies and international trade.
Instructions: Answer all questions to get your test result.
1) How are embargoes different than tariffs?
A
Tariffs make trade easier.
B
Embargoes bann all trade.
C
Tariffs bann all trade.
D
They are the same.
2) What does Russia use as currency?
A
Pounds
B
USD
C
Rubles
D
Rocks
3) What does USD stand for?
A
Universe Stand Down
B
United Silver Drops
C
United States Dollar
D
Under Super Distance
4) What do you have to do when trading with another country?
A
Look for a better offer.
B
Run up the hotel bill.
C
Check all of the cargo for mice.
D
Make a currency exchange.
5) Why does Russia's steel production worry the European Union?
A
They think Russian steel is not as good as their own.
B
The do not want steel produced in the E.U. to drop in value.
C
They are concerned that the steel market in Russia will crash.
D
They worry that steel produced in Guam will not sell.
6) Who owns the farms and businesses in Germany?
A
Soviet Union
B
Federal government.
C
Citizens and corporations.
D
Prime Minister
7) Who decides what and how much to produce in the United Kingdom?
A
The house of representatives
B
The president and congress
C
Winston Churchill
D
Citizens and corporations
8) In the United Kingdom who decides the price of goods and services be produced?
A
Buyers and sellers.
B
The animals owned by farmers
C
Queen Elizabeth II
D
The parliament
9) How are property rights protected in Russia?
A
They are not always protected
B
Corporations and their shareholders
C
The citizens of Russia vote
D
The Laws and court systems
10) What does GDP stand for?
A
Give Dollars Paint
B
Good Dogs Pant
C
Gross Dinner Party
D
Gross Domestic Product
*select an answer for all questions
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