Edit Game
ABM 007 QUIZ BEE
 Delete

Use commas to add multiple tags

 Private  Unlisted  Public



 Save

Delimiter between question and answer:

Tips:

  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.

 Import questions





 Save   21  Close
What do we call a business owner who takes risks to make a profit?
Entrepreneur
What do you call the total number of employed and unemployed workers
labor force
What is the economic activity that transforms raw materials into finished goods
Manufacturing
What type of wage is the actual amount of money received
nominal wage
What type of wage considers inflation and purchasing power
Real wage
What kind of competition exists when businesses sell identical products
PURE COMPETITION
What market structure has a few dominant firms
Oligopoly
What market structure has many sellers with differentiated products
Monopolistic
What is the minimum amount workers must be paid per law
MINIMUM WAGE
What type of good is used to produce other goods?
CAPITAL GOODS
What economic factor encourages saving due to higher returns?
INTEREST
What is the act of using money to generate profit
INVESTMENT
What is the process of keeping money for future use
savings
A good or service that a country buys from another country. A EXPORT B. IMPORT
B
If the Philippines imports rice from Vietnam because Vietnam can produce it at a lower opportunity cost, what principle is at play?A. COMPARATIVE ADVANTAGES B. ABSOLUTE ADVANTAGES
A
A good or service sold to other countries A. Export B. Import
A
If Country A can produce electronics at a lower cost than Country B using the same resources, what type of advantage does Country A have? A. Comparative advantage B. Absolute Advantage
B
As a business owner, you want to enter international trade. What factor should you consider first before deciding whether to import or export? A. The comparative advantage of country in production B. The size of business C. Population
A
Why do countries still import goods even if they can produce them locally?A. Because local production is expensive B. Because imported has a better quality C. Because other countries might have a comparative advantage
C
A Filipino entrepreneur wants to invest in the agribusiness sector by exporting agricultural products. Based on the top five commodity exports, which product would be most suitable for export? A. Rice B. Corn C. Cake of soya beans D. Banana
D
Your experience on this site will be improved by allowing cookies.