Principles of Business Spring Review
Authored by Curtis Mcclaren
Business
12th Grade
Used 15+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following was NOT included in the original six members of the European Community?
Belgium
France
Ireland
Italy
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When was the World Trade Organization established?
2005
1995
1985
1975
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a level of economic integration?
Political union
Custom union
Free trade
Political democracy
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is the formula for determining a country's balance of trade?
Total exports - total imports
Total exports + total imports
Total exports x total imports
Total exports / total imports
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
About how much of the total federal budget does foreign aid account for?
Five percent
Ten percent
One percent
Fifteen percent
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which term is used to describe the comparison of the amount of foreign currency taken into a country versus the amount of domestic currency paid out?
Foreign exchange rate
Payment exchange rate
Balance of trade
Balance of payments
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is NOT a way money moves from one country to another?
Tourism
Foreign investments
Foreign policy development
Imports and exports
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