Commerce: Quiz


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More interesting facts on Commerce

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Question 1: Commerce functions as the central mechanism which drives ________ and certain other economic systems (but compare command economy, for example).
Laissez-faireAnarcho-capitalismKeynesian economicsCapitalism

Question 2: ________ have collections of these monies, which include coins from some Ancient World large-scale societies, although initial usage involved unmarked lumps of precious metal.
CurrencyCoin collectingNumismaticsExonumia

Question 3: In historic times, the introduction of ________ as a standardized money facilitated a wider exchange of goods and services.
CurrencyCoinISO 4217Cyprus

Question 4: Some commentators trace the origins of commerce to the very start of ________ in prehistoric times.
Social sciencesScientific methodMicrobiologyCommunication

Question 5: It comprises the trading of something of economic value such as goods, services, ________, or money between two or more entities.
Artificial intelligenceElectrical engineeringInformationSystems engineering

Question 6: Apart from traditional self-sufficiency, ________ became a principal facility of prehistoric people, who bartered what they had for goods and services from each other.
Free tradeTradeSilk RoadInternational trade

Question 7: Today commerce includes a complex system of companies that try to maximize their profits by offering products and services to the ________ (which consists both of individuals and other companies) at the lowest production-cost.
Economic historyMarketFinancial economicsMoney

Question 8: Commerce is a division of ________ or production which deals with the exchange of goods and services from producer to final consumer OR commerce is the exchage of goods and services from the producer to the consumer.
TradeSilk RoadFree tradeInternational trade

Question 9: There exists a system of ________, which some argue has gone too far.
International Monetary FundInternational tradeTrade blocGlobalization

Question 10: Commerce primarily expresses the fairly abstract notions of ________ and selling, whereas trade may refer to the exchange of a specific class of goods ("the sugar trade", for example), or to a specific act of exchange (as in "a trade on the stock-exchange").
International tradeTradeFree tradeSilk Road

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