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Quiz 10/27 - 11/18 Flashcards | StudBud

Explore/Quiz 10/27 - 11/18

Which is not a key economic measurement to determine the economics strength?

Which does not involve in international trade?

Quiz 10/27 - 11/18

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Questions 13

Answers

1
Which does not involve in international trade?
Contract Manufacturing
Demand
Importing
Licensing
2
Which is not a key economic measurement to determine the economics strength?
Tax Rates
Gross Domestic Product
Labor Productivity
Inflation Rate
3
What cannot affect the business cycle?
Consumers
Government
Businesses
Education
4
If a country has 1 billion exports and 1.6 billion imports, what is its trade surplus or deficit?
600 million trade surplus
600 million trade deficit
5
Which is not a phase of the business cycle?
Expansion
Recession
Trough
Innovation
6
What is inflation?
When prices rise
When balloons inflate
When supply increases
When demand increases
7
Which is not an economic factor?
Foreign Exchange Rate
Taxes
Measurment systems
Standard of living
8
Which is not a Socio-cultural factor?
Languages and symbols
Holidays and religious observances
Social and business etiquette
Electric voltage standards
9
What does GNP stand for
Gross National Product
Gross Normal Product
Gross Domestic Product
Gross neutral Product
10
Which financial commitment has the highest reward
Licensing
Exporting
Direct Investment
Contract Manufacturing
11
Which is not a type of licensing
Supply
Special Formula
Trade Mark
Patent
12
How many countries are apart of the European Nations?
27
5
13
50
13
What does NAFTA stand for?
North American Free Trade Association
National American Free Trade Agreement
National American Free Trade Association
North American Free Trade Agreement