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Jack Is Number One
Test Description: A fun game full of adventure where you learn as you play
Instructions: Answer all questions to get your test result.
1) The physical development of a country
A
infrastructure
B
economy
C
factors of production
D
resources
2) The difference between wants and needs and available resources
A
traditional economy
B
market economy
C
scarcity
D
entrepreneurship
3) A system which a country's government makes all economic decisions
A
socialist
B
traditional economy
C
privitization
D
command economy
4) The output per worker hour that is measured over a defined period of time
A
productivity
B
Gross Domestic Product
C
Gross National Product
D
method
5) Rising Prices
A
business cycle
B
producer price index
C
inflation
D
consumer price index
6) Exchange of goods and services among nations
A
imports
B
international trade
C
exports
D
infrastructure
7) The difference in value between exports and import
A
balance of trade
B
comparative advantage
C
trade deficit
D
absolute advantage
8) The commercial exchange between nations that is conducted on free market principles with out any regulations
A
European Union
B
tarrif
C
free trade
D
protectionism
9) Total ban on specific goods coming into or leaving a country
A
embargo
B
tarrif
C
quota
D
World Trade Organization
10) Large corporations that have operations in several countries
A
joint venture
B
multinationals
C
contract manufacturing
D
foreign direct investment
*select an answer for all questions
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