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Global Economy Basics

Subjects : literacy, economics
Instructions:
  • Answer 48 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Beneficial spillover on another party






2. Free enterprise - private ownership of production - market-based exchange






3. Markets have been extended in geographical scope through international agreements to open national territories to trade and investment






4. How the various steps in a production process tasks are assigned to different workers






5. A graduated series of geographical terms used to classify or organize spaces - places - or processes






6. A from of international economic integration in which member countries have free trade and the same trade policies toward all non-member countries






7. An unintended consequence or cost that adversely affects an entity that was not involved






8. Production and consumption at local levels for community survival






9. Creations of the min including inventions - creative artistic works - as well as symbols - names - and designs






10. Those with highest degree of use of new technologies for production and highest degree or range of new products






11. Shift in location of a part of company's production process to a location that is 'close' to the company's home location - but in order to take advantage of reduced labor costs






12. Production - price - exchange - and distribution regulated by custom






13. Emphasizes social relationships and process that create or modify their characteristics






14. An unintended consequence or cost that adversely affects an entity that was not involved






15. As incomes rise - a lower proportion of income is spent on food

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16. Production - price - exchange - and distribution regulated by custom






17. As incomes rise - a lower proportion of income is spent on food

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18. Production and consumption at local levels for community survival






19. Creations of the min including inventions - creative artistic works - as well as symbols - names - and designs






20. A cost or damage that spills over on another party






21. Those with highest degree of use of new technologies for production and highest degree or range of new products






22. Beneficial spillover on another party






23. Most people work for wages - then purchase goods and services to consume






24. Those that tend to use older production technologies and lack newest products






25. Directed enterprise - state ownership of production - quota/planned distribution






26. Education - knowledge - skills - and abilities of a labor force






27. Location economies created through formal interactions between firms






28. Education - knowledge - skills - and abilities of a labor force






29. Process of growth - change - and differentiation of an economy






30. Worldwide processes through which the world - its economic systems - and societies tend to become more uniform - more integrated - and more interdependent






31. A from of international economic integration in which member countries have free trade and the same trade policies toward all non-member countries






32. A graduated series of geographical terms used to classify or organize spaces - places - or processes






33. Those that tend to use older production technologies and lack newest products






34. Consumption - investment and government expenditures. net exports






35. Most people work for wages - then purchase goods and services to consume






36. Markets have been extended in geographical scope through international agreements to open national territories to trade and investment






37. Generic categories of elements that are required for production of a good or service to occur






38. Consumption - investment and government expenditures. net exports






39. Emphasizes social relationships and process that create or modify their characteristics






40. Worldwide processes through which the world - its economic systems - and societies tend to become more uniform - more integrated - and more interdependent






41. How the various steps in a production process tasks are assigned to different workers






42. Generic categories of elements that are required for production of a good or service to occur






43. Shift in location of a part of company's production process to a location that is 'close' to the company's home location - but in order to take advantage of reduced labor costs






44. Location economies created through formal interactions between firms






45. Process of growth - change - and differentiation of an economy






46. Free enterprise - private ownership of production - market-based exchange






47. A cost or damage that spills over on another party






48. Directed enterprise - state ownership of production - quota/planned distribution







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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