Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
GB Unit 1 MC Part 1
Test Description: 21-35
Instructions: Answer all questions to get your test result.
1) A global dependency exists when
A
doctors travel to another country to provide healthcare because there is a shortage of medically-trained professional
B
all of the above
C
massive crop failures require buying food from another country
D
a country buys tools from another country because it does not have the technology to make the tools
2) All of the following are benefits of international business except
A
increased sources of raw materials
B
decreased competition
C
improved political relationships
D
expanded business opportunities
3) Free trade among countries can be restricted by
A
import taxes
B
import quotas
C
all of the above
D
trade barriers
4) An example of a cultural factor that can affect international business is
A
none of the above
B
the major religion prohibits the use of alcohol in any food products
C
the weather is too hot for selling ice cream products without refrigeration units
D
consumer protection laws require expensive packaging
5) Business activities that occur within one country are called
A
foreign trade
B
international business
C
free trade
D
domestic business
6) An example of exporting would be
A
products made and sold in Japan
B
products sold by a company in Mexico for purchase by Italian consumers
C
a European country's tax on products made in other countries
D
products that were made in Poland and bought by Polish consumers
7) An example of a trade barrier would be
A
consumers who prefer to buy products from domestic companies rather than foreign companies
B
a sales tax on products made and sold within a country
C
a limit on the number of foreign automobiles a country allows to be imported
D
efforts by a government to encourage exporting among businesses in its country
8) A cultural factor affecting international business activities would be
A
stability of the money supply
B
the availability of natural resources
C
government policies toward business
D
family relationships
9) A political factor affecting international business activities would be
A
the general education level of a country's population
B
religious beliefs
C
a country's commonly used language
D
the type of government
10) Economics is the study of how
A
decisions are made using six steps
B
individuals make decisions about buying products
C
none of these
D
limited resources are used to satisfy unlimited wants and needs
11) Capital resources include
A
buildings, money, and equipment
B
gold, silver, and other minerals
C
factories, mines, and talented personnel
D
none of these
12) An economy in which an individual may own and run a private business to make a profit, with little government involvement with business is a
A
communist economy
B
command economy
C
none of the above
D
mixed economy
13) South Africa has a large percentage of the world's diamond deposits. This is an example of
A
absolute advantage
B
comparative advantage
C
a developing country
D
none of these
14) Opportunity cost refers to the
A
wages paid to workers in factories and offices
B
products bought by one country from another country
C
rising prices in an economy
D
things given up when a choice is made
15) Of the following characteristics, a less-developed country is least likely to have
A
a highly educated population
B
poor housing and healthcare
C
low economic wealth
D
an emphasis on agriculture and mining
*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?