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International Towne Check-In Flashcards | StudBud
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International Towne Check-In
International Towne Check-In
20 terms
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StudBud Administration
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International Towne Review
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
Limits or restrictions on foreign trade?
Embargo
Domestic Policy
Economic Recession
Trade Barriers
2
What does GDP stand for?
Gross Domestic Product
Gavin Does Pilates
Great Depression Parties
Gross Domestic Properties
3
Competition helps drive what?
Comparing
Competitiveness
Variety
Quality
4
What is the total market value of the goods and services of a country at a given time?
Ecomony
Market Value
GDP
Sustainability
5
What are machines, tools, labor, and materials used to create a product or service called?
Resources
Workforce
Export
Company
6
Which country says thank you "Dank u"...?
Germany
Netherlands
Italy
Russia
7
What happens when supply of a product cannot meet the demand?
Cost decreases
Supply doesn't change
Supply and demand go down
Cost increases
8
A tax that is put on an import is called?
Taxation
Quote
Tariff
Trade Balance
9
What is it called when a product is rare, or supply cannot be met?
Embargo
Scarcity
Trade Agreement
Trade
10
The willingness to assume risk of producing a good or service?
Constitution
CEO
Organization
Entrepreneurship
11
What country is NOT apart of the North American Free Trade Agreement (NAFTA)?
Puerto Rico
USA
Canda
Mexico
12
Which country is NOT in the EuRussia region?
United Kingdom
Netherlands
Israel
Italy
13
What is it called when a country purchases good or services from another country?
Tariff
Export
Subsidy
Import
14
What is called when a country uses it resources most efficiently to produce goods or services?
Specialization
Trade Barrier
Quota
Unique Products
15
Payments made to a domestic company to compete more with foreign businesses?
Tariff
Subsidy
Bail-Out
Quota
16
What does it create when a country specializes in a good or service and trade with each other?
Global Trade
Restricted Trade
Domestic Trade
Interdependence
17
When a country prohibits trade with another country because of political differences?
Trade Restriction
Embargo
Trade Barrier
Tariff
18
Which country has the greeting "Akwaaba"...?
Israel
Singapore
Ghana
Japan
19
When a country sells their products or services to other countries?
Trade agreement
Export
Import
Global Trade
20
A limit on the number or good that a country can import?
Trade Limit
Mixed Economy
Quota
Embargo