Chapter 3-1 and 3-2 Flashcards

1

A tax the government places on certain imported products.

2

A strong dollar makes imports more expensive

3

The four main ares of the international business environment are:

4

The most severe type of trade barrier is . . .

5

The numbers for balance of trade and balance of payments are always the same.

6

The right to use a company name or business process in a specific way.

7

When a country can produce a good at a lower cost.

8

A country specializes in the production of a good or service at which it is relatively better.

9

Total Exports minus Total imports equals

10

Which are the main factors that impact the value of a currency?

Chapter 3-1 and 3-2