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Business Essentials Ch. 3 Flashcards | StudBud

Explore/Business Essentials Ch. 3

Exporting is:

One factor that can effect currency values is/are:

Business Essentials Ch. 3

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Quick overview of Ch. 3!

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Questions 8

Answers

1
One factor that can effect currency values is/are:
Religion
Losses
Economic Conditions
Profits
2
Exporting is:
Purchase of goods from another country
Sale of goods to another country
Type of Tarriff
Not important
3
The International business environment can be effected by:
The weather
B and C
Infrastructure
Political Concerns
4
When it comes to producing crops, the US has an ____ over Iraq.
Absolute Advantage
Distant Advantage
Comparative Advantage
No Advantage
5
The US has a _______ when it comes to "Balance of Trade?"
No Trade
Equal Trade
Trade Deficit
Trade Surplus
6
Which one of the following is considered a free trade agreement?
NCAA
SESA
NAFTA
WNBA
7
Importing is:
Important
Sale of goods to another country
Purchase of goods from another country
A type of Embargo
8
Which of these is a BARRIER to foreign trade?
Embargo
Tarriff
Quota
All the above