Modern Economics in a Global Age Quiz

Created by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Sophia Smith
Sophia Smith, Quiz Creator
Sophia is a skilled quiz creator at ProProfs.com, known for her engaging and innovative quizzes. Her enthusiasm for learning and creativity results in quizzes that are both fun and educational. Sophia's dedication to excellence ensures that users always have a top-notch experience with her interactive content.
Quizzes Created: 1083 | Total Attempts: 3,548,751
| Attempts: 257
SettingsSettings
Please wait...
  • 1/10 Questions

    Exporting is the act of

    • Selling goods from a third party
    • Sending goods to another country
    • Bringing in goods from another country
    • Selling goods at less than cost
Please wait...
About This Quiz

Do you understand the modern economy? Take this quiz on modern economics in a global age to test your basic knowledge. This is a quiz that comprises some basic and easy questions about today's economic world. If you understand it well, you must take this quiz and find out how much you know. You can try for a perfect score on this quiz. All the best! This quiz will not only test your knowledge but will enhance it also. Do not forget to share the quiz with others.

Modern Economics In A Global Age Quiz - Quiz

Quiz Preview

  • 2. 

    What is defined as the bringing in of foreign goods?

    • Importing

    • Exporting

    • Capital flight

    • Tariff reduction

    Rate this question:

  • 3. 

    What does it mean to change ownership from government or public to private?

    • Nationalize

    • Privatize

    • Globalize

    • Localize

    Rate this question:

  • 4. 

    An economic system that has elements of all economies and is the most common type of economic system.

    • Traditional

    • Command

    • Market

    • Mixed

    Rate this question:

  • 5. 

    Which of the following is the benefit of the global economy?

    • Inexpensive communication 

    • Foreign Exchange

    • Safer transport 

    • All of the above

    Rate this question:

  • 6. 

    What does it mean to change ownership from private to government or public?

    • Localize

    • Globalize

    • Nationalize

    • Privatize

    Rate this question:

  • 7. 

    The global economy is all the economic interactions that cross __________.

    • Local boundaries

    • National boundaries

    •  international boundaries

    • None of the above

    Rate this question:

  • 8. 

    What type of economy is the United States of America?

    • Traditional

    • Command

    • Mixed

    • All of the above

    Rate this question:

  • 9. 

    How to calculate the share of the economy that is consumed by the government?

    • Government consumption/total economy

    • Total economy + government consumption

    • Total economy x government consumption

    • Total economy / government consumption

    Rate this question:

  • 10. 

    Which of the following is not a part of a mixed economy?

    • Market

    • Private

    • Traditional

    • Controlled

    Rate this question:

Quiz Review Timeline (Updated): Aug 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Dec 06, 2022
    Quiz Created by
    Sophia Smith
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.