Exports-are-goods-and-services-consumed-in-a-country-but-which-have-been-produced-in-another-country-economics-homework-help
1.Exports are goods and services consumed in a country but which have been produced in another country.
|
A |
True |
|
B |
False |
2.Imports are a negative to an economy.
|
A |
True |
|
B |
False |
3.An economy that does not allow trade is considered a/an
|
A |
Outdated Economy |
|
B. Market Economy |
|
C |
Communist Economy |
|
D |
Cosed Economy |
|
E |
Open Economy |
4.Which of the following is not one of the top four traded goods in terms of value?
|
A |
Smartphones |
|
B |
Automobiles |
|
C |
Services |
|
D |
Computers |
|
E |
Petrochemicals |
5.Which of the following had a negative impact on trade?
|
A |
Increased Trade agreements |
|
B |
None of these |
|
C |
Reduced trade barriers |
|
D |
Improved Transportation |
6.Globalization is a modern concept that has proponents and opponents though most people have seen some positive benefits.
|
A |
True |
|
B |
False |
7.Which of the following tends to have a negative effect on trade. (Pick all correct answers)
|
A |
Nationalization |
|
B |
Tarriffs |
|
C |
War |
|
D |
Dictators |
|
E |
New Technology |
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