Choose the best answer.
Why is business competition a good thing?
Both successful owners and investors are rewarded with a profit and consumers get products they want or need.
Consumers get products they want or need.
It is not a good thing.
Successful owners and investors are rewarded with a profit.
All of the above.
2.
Choose the best answer.
Changes in _______ and demand make the value of commodities go up and down.
price
supply
climate
time
countries
3.
Choose the best answer.
To bring in from another country is to ______.
supply
demand
export
import
4.
Choose the best answer.
Anything _____ relates to the family or home.
bartered
imported
domestic
international
5.
Choose the best answer.
Why do American businesses compete?
both to outdo one another and win consumers and to win a special business trophy
to win a special business trophy
to outdo one another and win consumers
all of these
6.
Choose the best answer.
Many smaller _______ markets make up the international marketplace.
local
domestic
import
union
7.
Choose the best answer.
A lack of a resource—such as oil—can affect an entire economy is a _____.
commodity
scarcity
free-market
socialist
8.
Choose the best answer.
___ means involving two or more countries.
National
Domestic
Transcontinental
International
9.
Choose the best answer.
Which product is a commodity?
jewelry
computers
boats
cars
silver
10.
Choose the best answer.
The government does little to interfere in this type of economy.
communist
socialist
free-market
supply and demand
liberal
11.
Choose the best answer.
Which country trades toys?
World map showing products being traded worldwide
Russia
Mexico
China
12.
Choose the best answer.
A(n) _____ is the same wherever you buy it.
stock
need
want
commodity
13.
Choose the best answer.
Dangerous factories were classified as "_____."
sweatshops
plantations
coffins
fear factories
14.
Choose the best answer.
Which country did $218 billion in trade with the United States?
World map showing products being traded worldwide
Japan
Argentina
Italy
15.
Choose the best answer.
To send to another country is to ______.
import
export
barter
trade
1 answer
Here are the best answers for each of your questions:
1 answer
1 answer
1 answer
1 answer