Quiz 7

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NAME __________________
Quiz 7, Chapter 3
Good Morning!!!!!
A.
B.
C.
D.
E.
In an Excellent Mood …..
Average Mood :- …..
Bad Mood …..
Early Morning Classes are Tough
Wish I Were Back In Bed!!
Question 1….TRUE OR FALSE
The Uruguay Round of GATT
negotiations created the World
Trade Organization to promote
international trade and to
settle international trade
disputes
A. TRUE
B. FALSE
Question 2……TRUE OR FALSE
Profit opportunity and risk do
not affect global trade
A. TRUE
B. FALSE
Question 3…..TRUE OR FALSE
A franchisor offers other
businesses the right to
produce and market its
products within specific
guidelines
A. TRUE
B. FALSE
Question 4……TRUE OR
FALSE
Compared to the U.S., the nations of
China and India have larger
populations but lower rates of
economic growth.
A. TRUE
B. FALSE
Question 5….TRUE OR FALSE
The United States has consistently
experienced balance of trade
surpluses over the past 30 years.
A. TRUE
B. FALSE
Question 6…..TRUE OR FALSE
England is part of the
European Union … the Euro
Zone.
A. TRUE
B. FALSE
Question 7 ….TRUE OR FALSE
The World Trade Organization
and its policies have led to a
general decrease in worldwide
tariff rates since 1948
A. TRUE
B. FALSE
Question 8…
MULTIPLE CHOICE
A comparison of economic indicators among the six most
populous nations indicates that the
a)
U.S. has by far the largest per capita GDP.
b)
U.S. has the fastest rate of economic growth.
c)
economy of Brazil is growing the fastest.
d)
size of the Chinese economy is the second largest, but it is
growing very slowly.
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