Chapter 6 Business Structure (A Level)

In countries China, Cuba and North Korea, goods and services are state-owned. What type of economic system exist?

Quotas allow unlimited goods to be imported.

Protectionism use barriers to free trade to protect a country's own domestic industries.

__________ is when there are no restrictions in existence that might prevent or limit trade between countries.

What is one benefit of being a multinational coporation?

Which is an example of a regional organization? It is a collection of states united together similar to Asean.

Which is an international trade organization (free trade agreement) that currently exist?

What is one disadvantage of being a multinational coporation?

The United States, the government and private ownership controls goods and services, what type of economic system exist?

Would labor unions favor or oppose privatization?

_______ is where supply and demand regulate production and labor as opposed to government intervention.

_______ is the increasing freedom of movement of goods, capital, and people around the world.

_______ are taxes imposed on imported goods to make them more expensive than they would be otherwise.

Which is an example of a multinational business.

Privatization is the selling of state-owned and controlled business organizations to investors in the private sector.