Economy Multiple Choice Test

Outsourcing by the United States has become an important source of income in India. One reason for outsourcing is that compared to the United States, India has

What is an effect of a country having a literacy rate?

What is the main reason that Japan imports most of the materials it needs for manufacturing?

The economies of South Africa and Nigeria are

Why has Saudi Arabia assumed a lead role in the economic fortunes of Southwest Asia?

A person who is willing to take risks to start a new business is called

After North Korea tested nuclear weapons, members of the United Nations agreed to refuse to sell certain products to North Korea. What is this an example of?

What is called when someone is loaned money for a fee?

Which term BEST explains the economic system in North Korea today?

The U.S refusal to sell weapons to Sudan is an example of

Countries that import more than they export have a

The value of Algeria's exports exceeds its import. This is a

Which of the following is a main goal of the African Union?

Algeria makes nearly all of its export earning from oil and gas. This is an example of

What is one important benefit of the currency exchange rate?

Today Nigeria and South Africa BOTH have

An entrepreneur is

The total value of all the goods and services produced by a country each year is known as the country's

What is the purpose of a currency exchange rate?

The economy of Nigeria is heavily dependent on the sale of

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