Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Eco
Test Description: Ch. 1 Ch. 2 Ch. 3 Ch. 7
Instructions: Answer all questions to get your test result.
1) Any regulations that blocks international trade is considered what?
A
Trade Barriers
B
Duties
C
Tariffs
D
Quotas
2) Which is the correct order of the top 6 U.S. trading partners?
A
China, Canada, Germany, Mexico, Japan, South Korea
B
South Korea, Germany, Japan, Mexico, China, Canada
C
Canada, China, Mexico, Japan, Germany, South Korea
D
Germany, Japan, China, Canada, Mexico, South Korea
3) A high rise office building is what kind of factor of production and what income?
A
capital, interest
B
land, profit
C
labor, rent
D
land, wager
4) Chick-fil-a is an example of what type of business?
A
Sole Proprietorship
B
Corporation
C
Ownership
D
Partnership
5) Minimum wage is what type of goal of the Free Enterprise System?
A
Full Employement
B
Freedom
C
Security
D
Equity
6) China can make 200 phones or 50 tablets, and America can make 100 phones or 150 tablets. What advantage does America have over China in making tablets?
A
Productive Advantage
B
Absolute Advantage
C
Controlled Advantage
D
Comparative advantage
7) The ability to produce more with less resources than other countries is known as what?
A
Absolute Advantage
B
Compared Advantage
C
Protectionism
D
Quotas
8) What is not an advantage of a partnership?
A
Easy to raise capital
B
Lack of special taxes
C
Few legal considerations
D
Easy to form
9) Which is not a characteristic of the Free Enterprise System
A
Competition
B
Stability
C
Freedom
D
Private Property
10) What is the key to trade?
A
Exports
B
Absolute Advantage
C
Specialization
D
Comparative Advantage
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?