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