International and domestic business

The _______ rate is the value of a currency compared to value of another

A joint venture is an agreement between two or more countries to remove duties

When a country specializes in production of a good or service at which it is more efficient ___

If a nation imports more than it exports, it has a trade _________.

Goods and services sold to other countries are called

The ________ rates are the cost of using someone else's money.

Selling the right to use some intangible property for a fee or royalty

International business is frequently referred to as world or ______________ trade.

Without foreign trade, all of the items you buy would cost less

Because of international trade, all nations of the world use the same banking system

Trade Organization started after WWII in 1944

A tax that a government places on certain imported products

The making, buying and selling of goods and services within a country is called

Common Market Members

Which of the following is NOT a cultural/social factor that affects international business?

The difference between a country's total exports and imports is called the

Licensing

The difference btwn the amount of money that comes into a country and the amount that goes out

It's possible for the US to have a trade surplus with 1 country and trade deficit with another

A country in which an MNC places business activities is called the

Most business activities occur within a country's own borders.

Which of the following counties has an absolute advantage in coffee production?

The key effects on a country's level of economic development are

Which of the following scenarios is likely to cause the value of a country's currency to rise?

A limit that a government places on the quantity of a product

A country can have an absolute advantage in only one area.