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SQA National 5 Economics Global Economic Activity overview quiz quiz

15questions. Pick an answer and you'll see why right away.

  1. An import is best described as:

  2. When a country sells more goods abroad than it buys in, it has a:

  3. Which of the following is a reason countries trade with each other?

  4. A tax placed on imported goods is called a:

  5. A physical limit on the quantity of a good that may be imported is a:

  6. A multinational company is best defined as a firm that:

  7. Which of these is a reason a multinational might locate in a particular country?

  8. Which of the following is a disadvantage of a multinational for a host country?

  9. An exchange rate is:

  10. Appreciation of the pound means the pound:

  11. Using the SPICED rule, a strong pound makes:

  12. If the pound depreciates, UK exports become:

  13. The eurozone is:

  14. Which of these is an emerging economy?

  15. Aid given through an international organisation such as the World Bank is called: