International Business

Chapter 6: Economic and Geographic Influences

Practice Tests

1.
Which is a type of economic system?
A)market economy
B)command economy
C)mixed economy
D)all of the above
2.
In a market economy, purchases are driven by what two forces?
A)resources and economics
B)supply and demand
C)supply and resources
D)goods and services
3.
What is a command economy?
A)It is an economic system in which a central authority makes all key economic decisions.
B)It is a free and competitive marketplace.
C)It is an economic system in which the marketplace and the government determine decisions.
D)none of the above
4.
Which type of economy do most countries have?
A)a command economy
B)a strong economy
C)a mixed economy
D)a strong command economy
5.
In business, what best describes human resources?
A)goods and services
B)workers, managers, contractors, and other employees
C)knowledge, ability, and skill
D)all of the above
6.
Which of the following would be an example of a renewable resource?
A)oil deposits
B)fish
C)iron ore
D)none of the above
7.
Which of the following is not an example of a country's infrastructure?
A)good roads
B)rail systems
C)entrepreneurs
D)all of the above
8.
The total value of goods and services produced in a country each year is the
A)balance of trade.
B)supply and demand.
C)purchasing power parity.
D)gross domestic product.
9.
Which of the following is not a basic geographic feature?
A)buildings
B)deserts and tropical forests
C)climate
D)topography
10.
Where can you find the highest population density?
A)the Sahara Desert
B)a large city, such as Chicago
C)a tropical rain forest in Brazil
D)Alaska
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