BBI Chapter 4

When a good or service is exported to an importer without using an intermediary, this is called

What came out of GATT?

Which is NOT a social cost

A(n) ____is the relationship between a country's total imports and total exports.

___ gives the US a great influence on businesses located at or near the Canada-U.S. border.

Which of the following is NOT an economic resource:

Goods move from the exporter to an intermediary and then to the importer

BONUS - These terms are from chapter:

By participating in an international transaction, a company is contributing to the ___ economy.

The good or service is produced in one country and sold in another

Global dependency exists when customers in one country:

If a country pays more for imports than it earns from exports there is a:

The sum of a country's way of life, beliefs, and customs is known as the country's:

A tax on the manufacture, sale, or consumption of a product within a country is a(n):

Canada's number one trade partner is:

A Trading bloc is a:

Goods and services produced in one country and sold in another are:

Which is NOT a benefit for business:

Both the production and sale of the item take place in the same country

A(n) ___ is an item that is offered in the same form in all the countries in which it is sold

? controls, other than customs duties, to restrict or deter the importing of goods and services