The Global Marketplace: Definition & Overview

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which is the best explanation of the global marketplace?

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1. How do markets help cooperation?

2. Which of the following BEST reflects an example of the international market?

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About This Quiz & Worksheet

This quiz and worksheet combination will gauge your comprehension of the global marketplace and its key characteristics. The questions on the quiz will test you on the best explanation of the types of markets as well as on the two necessary conditions for an ideal global market.

Quiz & Worksheet Goals

When you use these assessment tools, you'll be tested on:

  • Descriptions of global marketplace and international market
  • The meaning of the term market
  • The necessary conditions for the rise of an ideal global marketplace
  • The current system in place to exchange goods and services internationally

Skills Practiced

This worksheet and quiz combo allow you to practice the following skills:

  • Reading comprehension - ensure that you draw the most important information on the global marketplace from the related lesson
  • Defining key concepts - ensure that you can accurately define a market, an international market, and a global market
  • Distinguishing differences - understand the distinguishing characteristics of each type of market
  • Knowledge application - use your knowledge to answer a question about an ideal global market

Additional Learning

View our lesson named The Global Marketplace: Definition & Overview to bolster your comprehension of what defines a global marketplace. This lesson covers the following objectives:

  • Define a market and global marketplace
  • Understand the conceptual framework of a global marketplace
  • Describe the current global trading system
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