IGCSE Business 7 ELS

IGCSE Business 7 ELS

10th - 11th Grade

9 Qs

quiz-placeholder

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IGCSE Business 7 ELS

IGCSE Business 7 ELS

Assessment

Quiz

Business

10th - 11th Grade

Medium

Created by

Sharjil Hussain

Used 23+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

DEFINE infastructure

the fancy name for a uniform

food, water,and shelter that's needed for employees

money that is required to start a business

building, roads,and electricity that's needed for an operation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's a pro about Multinational Corporations?

Corporations

Countries that are poor are misused

Poor countries have the chance of improving living standards

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is a tariff best described?
A tax on imports
A violation of human rights
Comparative Advantage
Contributing to a favorable balance of trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A nation may put a limit on the amount of foreign goods imported by placing a _____ on these goods.
Export
Quota
Deficit
Trade Surplus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability of a country to produce a product at a lower cost than another country is called...
Free trade
Comparative Advantage
Balance of trade
Import quota

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

NAFTA was made among...
The U.S., Canada, and Mexico
European Countries
Developing Countries
The U.S., Russia, and China

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do some countries have trade barriers?
To encourage trade
To do away with quotas
To become communist
To protect their economies

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The policy of _____ involves a nation guarding its own industries against outside competition.
Internationalism
Protectionism
Globalization
Sanctions

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization provides loans to developing countries for capital projects?
The IMF
The WTO
The GATT
The World Bank