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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
tariffs
B
the exchange of goods and services between nations
C
is the establishment of a business in a foreign country :)
D
kylie Downs jk midsize or smaller companies that have operations in foreign countries
2) What are the three main types of trade barriers???
A
free trade
B
Jake Fortwangler jk globalization
C
mini nationals
D
tariffs, quotas, and embargos
3) Which of the following countries is not socialist?
A
Sweden
B
Tupac jk Germany
C
Canada
D
Cuba
4) Which of the following is NOT a factor of production
A
entrepreneurship
B
Kylie Downs jk growth
C
labor
D
land
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
Jake Fortwangler :)
C
friends
D
people
7) A period of prolonged recession
A
Brennan jk method
B
inflation
C
productivity
D
depression
8) A tax on imports
A
Embargo
B
Tariff
C
Quota
D
Matt Montanaro
9) GATT, NAFTA, and the EU are examples of?
A
Jake Coleman
B
trade barriers imposed on nations
C
free trade zones
D
trade agreements and alliances
10) Large corporations that have operations in several countries :)
A
Krunk Daddy Downs jk joint venture
B
potential
C
adaptation
D
multinationals
*select an answer for all questions
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