Applied Economics Finals Quiz 1

Applied Economics Finals Quiz 1

Professional Development

10 Qs

quiz-placeholder

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Applied Economics Finals Quiz 1

Applied Economics Finals Quiz 1

Assessment

Quiz

Social Studies

Professional Development

Hard

Created by

Arthur DIego

Used 5+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Globalization is a process of moderate integration or interconnection between countries. State whether true or false.

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Globalization will result by connecting countries as;

Less competition among producers

More competition among others

No change in competition among manufacturers

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Governments can use ____________ to increase or decrease (regulate) foreign trade and to decide what kinds of goods and how much of each should come into the country

Trade Barriers

Foreign Investment

Imposition of Tariff and Quota

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How technology enabled Globalization ?

To reduce the trade barriers that happens in the country

To exploit the natural diamonds in the invested country

To reduce the cost and increase the speed in the market

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

•Multinational corporations have a detrimental effect on the environment because their operations may encourage pollution, land development, and the depletion of local and natural resources is an example of:

Externalities

Lower cost

Environmental Sustainability

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When an individual decides to reduce their spending now to increase the amount of savings they have in the bank, this results to:

Economics Crisis

Economic Leakage

Threat to local economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Universal Robina Corporation opened manufacturing plants to it's branches worldwide in order to increase the number of products produced day-by-day and it is called:

Tariff Avoidance

Economies of Scale

Exploiting national diamonds

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