Chapter 3 Review - International Business

The three main factors that affect currency exchange rates are?

The __________ rate is the value of currency in one country compared with the value in another.

About how many U.S. jobs depend on international business?

International Trade Organization created in 1944 to provide loans for rebuilding after WWII

A nation with a _________________________ is said to have a favorable trade position. 

Which of the following scenarios is likely to cause the value of a country's currency to rise?

What are the three trade barriers?

Accepted behaviors, customs, and values of a society are often referred to as it's ____________

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

A tax that a government places on certain imported products is called a(an) ________________

_________ is selling the right to use some intangible property for a fee or royalty.

Have a common external duty on products being imported from nonmember countries

_____ exists when a country can produce a good or service at a lower cost than other countries.

A trade ______________ is a restriction to free trade. 

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

The United States conducts trade with more than __________ countries

Which of the following is NOT a cultural/social factor that affects international business?

The country in which a multinational company conducts business activities is call the _______

_____________ trade is also referred to as international business