Market Mayhem Question Preview (ID: 7671)


Review Game For Chapter 3 And 4. TEACHERS: click here for quick copy question ID numbers.

What is the output per worker hour that is measured over a defined period of time?
a) productivity
b) GDP
c) GNP
d) CPI

What refers to rising prices?
a) productivity
b) inflation
c) CPI
d) business cycle

What is the total value of goods and services produced by a nation?
a) GDP
b) CPI
c) PPI
d) GNP

What is the correct order of the business cycle?
a) Recession, Recovery, Expansion, Trough
b) Trough, Recession, Expansion, Recovery
c) Expansion, Recession, Trough, Recovery
d) Expansion, Recession, Recovery, Trough

What a consumer's biggest fear during a recession?
a) spending more money
b) getting more money
c) losing their job
d) business going under

What is the exchange of goods and services among nations?
a) imports
b) international trade
c) exports
d) infrastructure

What are goods and services purchased from other countries?
a) imports
b) exports
c) trade defecit
d) trade surplus

What is a tax on imports?
a) quota
b) embargo
c) tariff
d) free trade

What is a business enterprise that a domestic company and a foreign company undertake together?
a) contract manufacturing
b) FDI
c) joint venture
d) partnership

What is a company's use of an exsisting product or promotion from which changes are made?
a) monsters
b) globalization
c) customation
d) adaptation

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