Chapter 3 Review

This organizations main function is to provide economic aid for lesser developed nations.

The making, buying, selling of goods and services within a country is known as

Political actions that affect trade are known as?

Which of the following is NOT a factor of economic development in a global market place?

Which of the following answers is an economic condition that decreases currency values?

The organization whose main goal is to settle trade disputes and enforce trade agreeements

When a country can produce a good or service at a lower cost than other countries.

The value of money of one country expressed in terms of the money of another country

When a country exports more than it imports, the country has a

An agreement between two or more companies from different countries to share business project.

Government restrictions to reduce free trade.

Which of the following cultural factors influences international business?

Member countries agreeing to remove duties (taxes) and trade barriers create what?

Goods and services sold to another country.

Stopping the importing or exporting of a certain product or service.

Selected area where products can be imported duty(tax) free?

A limit on the quantity of a product that may be imported and exported within a given period.

Goods and services bought from another country.

The accepted behaviors, customs, and values of a society is known as?

A country that uses same product and marketing strategy internationally is said to have?

Selling the right to use some intangible property for a fee or royalty is called?

The difference between a country's total exports and total imports of goods.

What should the consequence be for those students who are playing games while we are reviewing?

Business activities needed for creating, shipping, and selling goods across national boarders

When a nation spends more money than it takes in, the country is said to have an

Which of the following answers is not a factor that influences currency values?

An agreement between two or more companies to share a business project is called?

The right to use a company name or business process in a specific way is called?

An organization that conducts business in several countries.

Which of the following is a reason why quotas are set?