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






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






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

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






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






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






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






8. Production and consumption at local levels for community survival






9. Location economies created through formal interactions between firms






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






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






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






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






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






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






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

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






18. Consumption - investment and government expenditures. net exports






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






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






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






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






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






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






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






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






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






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






29. 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






30. Production and consumption at local levels for community survival






31. Location economies created through formal interactions between firms






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






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






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






35. 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






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






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






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






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






40. Consumption - investment and government expenditures. net exports






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






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






43. Beneficial spillover on another party






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






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






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






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






48. Beneficial spillover on another party







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


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