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