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Global Trade Flashcards | StudBud

Explore/Global Trade

Global Trade

10 terms·StudBud Administration·89 plays

A marketing quiz to introduce concepts of global trade

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Questions 10

Answers

1
To sell a commodity under an agreement where competition is equal.
Fair Trade
Exchange
Free Exports
Free Imports
2
Sending work from your company to another company or to another country is __________.
International Employment
Transfer of human resources
Exporting
Outsourcing
3
Things like water, oil, and minerals are __________.
Capital resources
Human resources
Imports
Natural resources
4
1. How do we get the products we need?
Importing all from China
Exporting our products to other countries
Importing products to make the economy work
Creating everything in the U.S.
5
How do other countries get what they need?
Exporting our products to other countries
Emailing other countries
Producing what they need in the country
Importing products to make the economy work
6
Which of the following isn't an advantage of global trade?
reduction of global conflict
different product standards
economic growth
specialization
7
A commercial treaty between two or more nations is a __________.
Trade agreement
Natural resource
Commodity
Economy Treaty
8
People and their abilities, skills, knowledge, training, and experience.
Character Traits
Personalities
Natural Resources
Human Resources
9
What is Global Trade?
Trade between the states
International trade
Exchange of resources
The trading of worlds
10
Goods brought into the U.S. from other countries are __________.
Imports
Exports
Outsourcing
Human resources