Economic Globalization

Economic Globalization

1st - 5th Grade

10 Qs

quiz-placeholder

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Economic Globalization

Economic Globalization

Assessment

Quiz

Education

1st - 5th Grade

Practice Problem

Easy

Created by

ROMELIE SANDOY

Used 128+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who purchase a good or service a ____________.

Consumer

Producer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person, company, or country that makes, grow, or supplies goods or commodities for sale is called a _________.

consumer

producer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a tax on imports that is used to increase price of foreign products and raise government revenue.

tariff

subsidy

quota

embargo

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is getting a haircut a good or service?

Good

Service

Neither

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who typically ends up paying tariff?

Importer and/or costumers

congress

The international Monetary Fund

Exporters

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A larger company such as McDonalds that has operations in more than one country.

Domestic Corporation

Foreign Corporation

Multinational Corporation

State Corporation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trading of goods and services between two or more countries without tariffs and taxes.

Free Trade

Goods and Services

Trade War

Supply and Demand

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