Bus100-Quiz3

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BUS100- Quiz 3
Content
User | Daryl C. Limneos |
Course | Intro To Business |
Test | Quiz 3 |
Started | 1/27/12 1:38 PM |
Submitted | 1/27/12 2:32 PM |
Status | Completed |
Score | 100 out of 100 points |
Time Elapsed | 53 minutes out of 2 hours. |
Instructions | This quiz consist of 20 multiple choice questions. The first 10 questions cover the material in Chapter 3. The second 10 questions cover the material in Chapter 4. Be sure you are in the correct Chapter when you take the quiz. |

Question 1
5 out of 5 points
| |
| If trade restrictions among nations were eliminated:Answer | | | |
| Selected Answer: | competition would increase, resulting in lower prices and increased choices for consumers. |
Correct Answer: | competition would increase, resulting in lower prices and increased choices for consumers. |
| | | |
Question 2
5 out of 5 points
| |
| Trading blocs are groups of countries:Answer | | | |
| Selected Answer: | that have reduced or eliminated tariffs allowing for a free flow of goods among member nations. |
Correct Answer: | that have reduced or eliminated tariffs allowing for a free flow of goods among member nations. |
| | | |
Question 3
5 out of 5 points
| |
| In countries like China and India, the availability of cell phones:Answer | | | |
| Selected Answer: | has enabled these nations to greatly improve telecommunications without investment in conventional landlines. |
Correct Answer: | has enabled these nations to greatly improve telecommunications without investment in conventional landlines. |
| | | |
Question 4
5 out of 5 points
| |
| When the total value of exports is higher than the total value of imports, a country experiences a _____Answer | | | |
| Selected Answer: | trade surplus. |
Correct…...

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