IGCSE Business - Unit 1
Authored by Jane Barker
Business
9th - 12th Grade
Used 23+ times
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33 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A good or service produced in the home country and sold in another country.
import
export
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A good or service brought in from another country for sale.
import
export
tariff
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A limit on the amount of a good that can be imported.
import quota
export quota
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A tax on imported goods.
import
export
tariff
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The policy of imposing duties or quotas on imports in order to protect home industries from overseas competition.
free trade
protectionism
balance of trade
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The lowering or elimination of protective tariffs and other trade barriers between two or more nations.
free trade
protectionism
balance of trade
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The measure of how much one currency is worth in relation to another.
change rate
exchange rate
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