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AP Intermediate 1st Year Sources of Business Finance & Small Business — practice questions — page 2

Explore 45 free Sources of Business Finance & Small Business questions in AP Intermediate 1st Year Business Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Sources of Business Finance & Small Business questions and exercises with answers

Showing questions 31–45 of 45.

The body that superseded that 1947 agreement now has a membership of about:Read the answer and worked solution →A North American trade agreement was signed by President Clinton and came into force in:Read the answer and worked solution →From July 2020 that North American agreement was replaced by one named for its three members. That agreement is the:Read the answer and worked solution →A trade official notes that countries need not choose between the world body and their regional pacts. Most belong to:Read the answer and worked solution →High-income countries together hand their own farmers support worth roughly:Read the answer and worked solution →Campaigners fear firms will move to whichever country has the weakest environmental rules, dragging standards down. That fear is the:Read the answer and worked solution →Researchers looked for foreign firms pricing low to drive out rivals and then raising prices. Such evidence is:Read the answer and worked solution →Catch the trade barriersRead the answer and worked solution →Pop the argumentsRead the answer and worked solution →Run the trade gatesRead the answer and worked solution →Slice the trade wordsRead the answer and worked solution →Barrier or bodyRead the answer and worked solution →Sort the trade wordsRead the answer and worked solution →Type the numberRead the answer and worked solution →Trade policy bingoRead the answer and worked solution →

Worked practice questions

The body that superseded that 1947 agreement now has a membership of about:

  1. 110 nations
  2. 150 nations
  3. 50 nations
  4. 80 nations
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Correct answer: B. 150 nations

1. Most of the world's economies belong. 2. The body is the WTO. 3. It is about 150 nations. _Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._

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A North American trade agreement was signed by President Clinton and came into force in:

  1. 1975
  2. 2005
  3. 1995
  4. 1985
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Correct answer: C. 1995

1. Congress passed it first. 2. It took effect the year after signing. 3. It was 1995. _Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._

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From July 2020 that North American agreement was replaced by one named for its three members. That agreement is the:

  1. WTO treaty
  2. EFTA treaty
  3. GATT pact
  4. USMCA pact
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Correct answer: D. USMCA pact

1. The three members are named in it. 2. It replaced NAFTA. 3. It is the USMCA. _Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._

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