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