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