Business in the Global Economy

which of these is a drawback of a multinational company

difference between amount of money coming in and going out in a country

an agreement between two or more companies to share a business project

country specializes in production of good/service at which it is relatively more efficient

a nations transportation, communication, and utility systems

Which of these is not an informal trade barrier

Goals of the World Trade Organization include all of the following except

Foreign Trade allows for greater number of goods/services and reduces prices

Milk imported to the US in great quantity

all affect currency exchange rates except

country can produce good/service at lower cost than other countries

country sells more than it buys (exports > imports)

maintains orderly system of world trade and exchange rates

country buys more than it sells (imports > exports)

Agricultural dependency reduces countries ability to provide high quality products in large #s

all of the following discourage international trade except

cost of using someone else's money (cost of money)

completely prohibiting the import or export of a product

items sold to other countries

language, customs, and values of a country is what aspect of international business environment

organization that does business in several countries

limit on quantity of a product that may be imported or exported

which economic conditions would increase the value of the USD

making, buying, and selling of goods and services WITHIN a country

tax that government places on certain imported products

value of a currency in one country compared with the value in another is called

a MNC strategy that uses the same product and marketing strategy worldwide

a selected area where products can be imported duty-free, then used in manufacturing

difference between a country's total exports and imports is called

selling the right to use a trademark or brand name for a fee or royalty

the amount a country owes to other countries

Exports > Imports

this exists when a country can produce a good/service at a lower cost than other countries

items bought from other countries

all are key effects on level of economic development of a country except