International Business: Global Economy
Authored by Karla Foit
Business
8th Grade
Used 84+ times
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade partners are countries that trade products with one another.
False
True
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a country has low literacy levels, little to no technology and focuses on agricutlre or mining, that country is considered to be:
Developing
Industrialized
Less-Developed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Silk is a product created by what type of resource?
Labor
Capital
Land
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gross Domestic Product (GDP) is:
The measure of the amount of money a country owes to other countries.
The measure of the output of products created within a country.
The measure of the difference between what a country sells versus what a country buys from other countries.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a country can create products at a lower cost than other countries, this is a(n) _________________ advantage.
comparative
absolute
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a country has improving educational systems, increasing technology and expanding industries, that country is considered to be:
Developing
Industrialized
Less-Developed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_________________ is the making, buying and selling of products within a country.
International business
Global economy
Domestic business
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