Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Intro To Business Ch3 I
Test Description: Good Luck!
Instructions: Answer all questions to get your test result.
1) Domestic business refers to business activities needed for creating, shipping, and selling goods across national borders.
A
True
B
False
2) Without foreign trade, many things you buy would cost more or not be available.
A
False
B
True
3) If a country exports more than it imports, it has a trade surplus
A
True
B
False
4) The value of currency in one country compared with the value in another is called the interest rate.
A
False
B
True
5) An economy that is largely involved in agriculture is generally unable to provide its citizens with a large number of high-quality products.
A
False
B
True
6) A country's culture, traditions, and religion can sometimes act as informal trade barriers.
A
True
B
False
7) Multinational companies sometimes control a country's political power.
A
False
B
True
8) One goal of the World Trade Organization is to eliminate import quotas.
A
True
B
False
9) Which of the following situations represent an absolute advantage?
A
Norway in orange and grapefruit production
B
Saudi Arabia in fresh fish production
C
Canada in rice production
D
Honduras in banana production
10) Which of the following is NOT imported to the US in any great quantity?
A
Silk
B
Coffee
C
Oil
D
Milk
11) The amount a country owes to other countries is called
A
National Debt
B
Trade Deficit
C
Foreign Debt
D
Balance of Payments
12) Which of the following would likely cause the value of the dollar to RISE?
A
An increased US trade deficit
B
lower US inflation
C
higher US interest rates
D
Saudi Arabia double the cost of its oil to the US
13) Danielle's company is expanding into Korea and has asked her to research the language, customs, and values of the Korean people. Which aspect of the international biz environment is she investigating?
A
political and legal concerns
B
geography
C
economic development
D
cultural influences
14) Infrastructure refers to a country's
A
transportation, communication, and utility systems
B
system of local government
C
legal system
D
educational system
15) Which of the following tends to discourage international trade?
A
an embargo
B
free-trade zones
C
common market
D
a free-trade agreement
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?