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BD Productions
Test Description: Great family game that will make you want to aspire higher :)
Instructions: Answer all questions to get your test result.
1) what is international trade
A
the exchange of goods and services between nations
B
tariffs
C
kylie Downs jk midsize or smaller companies that have operations in foreign countries
D
is the establishment of a business in a foreign country :)
2) What are the three main types of trade barriers???
A
Jake Fortwangler jk globalization
B
free trade
C
tariffs, quotas, and embargos
D
mini nationals
3) Which of the following countries is not socialist?
A
Sweden
B
Cuba
C
Canada
D
Tupac jk Germany
4) Which of the following is NOT a factor of production
A
Kylie Downs jk growth
B
labor
C
entrepreneurship
D
land
5) What are three questions nations ask to define their economic system?
A
GDP
B
what, how, and for whom
C
what, when, government
D
what, how, tree?
6) Who decides what should be produced in a command economy?
A
Jake Fortwangler :)
B
friends
C
people
D
government
7) A period of prolonged recession
A
inflation
B
Brennan jk method
C
depression
D
productivity
8) A tax on imports
A
Embargo
B
Tariff
C
Quota
D
Matt Montanaro
9) GATT, NAFTA, and the EU are examples of?
A
trade agreements and alliances
B
trade barriers imposed on nations
C
free trade zones
D
Jake Coleman
10) Large corporations that have operations in several countries :)
A
adaptation
B
potential
C
multinationals
D
Krunk Daddy Downs jk joint venture
*select an answer for all questions
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