Ch. 3 Business in the Global Economy

This trade organization was created to provide loans fro rebuilding after WWII

A nation's transportation, communication, and utility systems

McDonalds changes it's menu to fit the needs of its country market. This is known as....

Which is NOT a goal of the World Trade Organization?

All of the following are informal trade barriers except....

All of the following are benefits of multinational companies, except

T/F: Most business activities occur within a country's own borders.

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

T/F: Without foreign trade, the items you purchase would be less expensive

T/F: A joint venture is an agreement between two or more countries to remove trade barriers

T/F: Because of international trade, all nations of the world use the same banking system

An agreement between two or more countries to share a business project

T/F: A nation with a trade surplus is said to have a favorable trade position.

A restriction to free trade

T/F: Franchising is selling the right to use a trademark or brand name for a fee or royalty