Global Economics Final (Study Quiz)

Generate an image of a globe surrounded by financial symbols, such as currency signs, graphs, and international landmarks, reflecting global economics and trade.

Global Economics Final Quiz

Test your knowledge of global economics with this comprehensive quiz designed for students and professionals alike. With 29 questions covering various aspects of international trade, currency exchange, and global institutions, you'll gain a deeper understanding of the economic forces that shape our world.

Key Features:

29 multiple-choice questions
Focused on real-world applications of economic principles
Ideal for students, educators, and anyone interested in economics

29 Questions7 MinutesCreated by CalculatingEconomist417

US laws do not apply when doing business in foreign countries.

True

False

A developing country is also known as an emerging market.

True

False

The United States, Great Britain, Canada, and Australia are all industrialized countries.

True

False

Imports are goods sold to other countries.

True

False

Exports are goods that are sold to foreign countries.

True

False

The higher the currency's value, the stronger the economy is relative to other states.

True

False

When the price of a foreign currency is strengthened so is the US dollar.

True

False

Greater demand for products in a country translates to more demand for its currency.

True

False

Today, there are 190 countries classified according to their level of economic development.

True

False

Government use import restrictions to protect the health and safety of citizens.

True

False

When central banks influence exchange rates, it is called...

Managed float

Foreign exchange rate

Exchange rate

Floating currencies

The exchange rate set by the market forces of supply & demand in the foreign exchange market.

Managed float

Foreign exchange rate

Exchange rate

Floating currencies

What type of business produces & sells products in foreign countries and inside its own borders.

Multinational

Mininational

Emerging country

Developed country

A total ban on all goods coming into the country is called...

Quota

Tariff

Tax

Embargo

A duty or tax on imported goods is called a

Quota

Tariff

Tax

Embargo

Allowing only a certain number of items to be imported is known as imposing a...

Quota

Tariff

Tax

Embargo

The purposed of this organization is to provide a forum, handle disputes, and help developing countries.

WTO

FOREX

FTC

NAFTA

Endangered plant and animal species and products made from them are banned in the US by

GATT

WTO

Endangered Species Act

Environmental Regulations

Which of the following is not legally affected by US businesses opening in a foreign market?

U.S. Child labor laws

New Marketing techniques

Local labor laws

Required Legal documents

How many member countries are there in IMF?

200

110

189

Where is the IMF headquarters?

New York

Boston

Washington, DC

Miami

When was the IMF founded?

Dec 27, 1945

Dec 27, 1954

Mar 27, 1947

Mar 27, 1955

Which of the following is NOT a goal of the IMF?

Foster global monetary

Cooperation secure financial stability

Promote world peace

Facilitate international trade

Why was the IMF first founded?

Promote high employment

Allow currency to be exchanged freely and safely

Ensure sustainable economic growth

Reduce poverty around the world

Which of the following countries is NOT one of the biggest borrowers of IMF?

Portugal

Greece

Ukraine

Iceland

Which institutions comprise the World Bank?

BIRD & IMF

IDRB & ADI

IBRD & IDA

IRDB & ADI

When was the World Bank created?

1944

1945

1946

1947

Where are the World Bank Headquarters located?

Geneva

New York

Washington, DC

Paris

How does the IDA get funds to finance its operations?

Donations every 3 years

Quotas every 2 years

Donations every 4 years

Quotas every 3 years

Global Economics Final (Study Quiz)

Global Economics Final Quiz

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