Chapter 28: International Economy
2 years ago
deanhoss
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8 QuestionsShow answers
  • Question 1
    30 seconds
    Q. What limits the amount of products imported
    answer choices
    Tariff
    Quota
    Embargo
    Trade ceiling
  • Question 2
    30 seconds
    Q. What is the difference between the value of imports and the value of exports
    answer choices
    Balance of trade
    Trade differential
    Trade deficit
    Trade surplus
  • Question 3
    30 seconds
    Q. What is the name of a company that does business and has facilities in many countries?
    answer choices
    World Business
    Multinational Corporation
    World Power
    None of the above
  • Question 4
    30 seconds
    Q. Goods and services one country BUYS from another country.
    answer choices
    Imports
    Exports
    Trade
    National Purchase
  • Question 5
    30 seconds
    Q. Goods and services one country SELLS to another country.
    answer choices
    Imports
    Exports
    Trade
    National Purchase
  • Question 6
    30 seconds
    Q. The sales and exchange of goods and services between a buyer and a seller.
    answer choices
    Imports
    Exports
    -
    National Purchase
  • Question 7
    30 seconds
    Q. A name for money used in economics.
    answer choices
    Cash
    Scratch
    Moolah
    Currency
  • Question 8
    30 seconds
    Q. The buying and selling of goods and services within your own country.
    answer choices
    Commerce
    Business
    Sales
    Domestic Trade
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