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PBM Module 3 Test: Business in the Global Economy

Quiz by Pa'Trice Day Owens

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Q 1/24
Score 0
Most business activities occur within a country's own borders.
60
True
False

24 questions

Q.Most business activities occur within a country's own borders.
1
60 sec
Q.Without foreign trade, all of the items you buy cost less, because they would not need to be shipped
2
60 sec
Q.A nation with a trade surplus is said to have a favorable trade position
3
60 sec
Q.When a country has a favorable balance of payments, the value of its currency is usually constant or rising.
4
60 sec
Q.A joint venture is an agreement between two or more countries to remove duties and trade barriers on products traded among them.
5
60 sec
Q.A franchise is a right to use a company name or business process in a specific way.
6
60 sec
Q.The exchange rate is the value of a currency in one country compared with the value in another.
7
60 sec
Q.A multinational company is an organization that does business within its country only.
8
60 sec
Q.The making, buying and selling of foods and services within a country is called
9
60 sec
Q.Goods and services sold to other countries are called
10
60 sec
Q.The difference between a country's total exports and total imports is called the
11
60 sec
Q.Which of the following scenarios is likely to cause the values of a country's currency to rise
12
60 sec
Q.The tax that a government palaces on certain imported products is called an
13
60 sec
Q.A limit that a government places on the quantity of a product that may be exported or imported during a given period is called a
14
60 sec
Q.Which is NOT a goal of the World Trade Organization?
15
60 sec
Q.The three factors that affect a country's currency rates are
16
60 sec
Q.This international trade organization was created in 1944 to provide loans for rebuilding after World War II
17
60 sec
Q.Foreign ________________ is the amount a country owes to other countries
18
60 sec
Q.Which of the following is NOT related to a countries culture
19
60 sec
Q._____________________is the cost of using someone else's money
20
60 sec
Q.What is it called when a nation imports MORE than it exports
21
60 sec
Q.What exist when a country can produce a good or service at a lower cost than another country
22
60 sec
Q.A nation's infrastructure refers to all of the following EXCEPT
23
60 sec
Q.What are items brought from other countries called
24
60 sec

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