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BD Productions
Test Description: Great family game that will make you want to aspire higher :)
Instructions: Answer all questions to get your test result.
1) what is international trade
A
kylie Downs jk midsize or smaller companies that have operations in foreign countries
B
is the establishment of a business in a foreign country :)
C
tariffs
D
the exchange of goods and services between nations
2) What are the three main types of trade barriers???
A
tariffs, quotas, and embargos
B
free trade
C
mini nationals
D
Jake Fortwangler jk globalization
3) Which of the following countries is not socialist?
A
Canada
B
Tupac jk Germany
C
Sweden
D
Cuba
4) Which of the following is NOT a factor of production
A
entrepreneurship
B
land
C
labor
D
Kylie Downs jk growth
5) What are three questions nations ask to define their economic system?
A
what, how, and for whom
B
GDP
C
what, how, tree?
D
what, when, government
6) Who decides what should be produced in a command economy?
A
government
B
people
C
Jake Fortwangler :)
D
friends
7) A period of prolonged recession
A
depression
B
productivity
C
Brennan jk method
D
inflation
8) A tax on imports
A
Quota
B
Tariff
C
Embargo
D
Matt Montanaro
9) GATT, NAFTA, and the EU are examples of?
A
free trade zones
B
trade agreements and alliances
C
Jake Coleman
D
trade barriers imposed on nations
10) Large corporations that have operations in several countries :)
A
Krunk Daddy Downs jk joint venture
B
multinationals
C
potential
D
adaptation
*select an answer for all questions
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