IGCSE Business - Unit 1

IGCSE Business - Unit 1

9th - 12th Grade

33 Qs

quiz-placeholder

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IGCSE Business - Unit 1

IGCSE Business - Unit 1

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Jane Barker

Used 23+ times

FREE Resource

33 questions

Show all answers

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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