PBFM Unit 2 TEST Review

Goods and services sold to other countries

Why would a country impose an embargo against another country?

Market in which members do away with duties and other trade barriers

Which international trade organization was created in 1995 to promote trade around the world?

Which of the following is a reason for the government to implement a quota?

Difference between a country's total exports and total imports

Which country has the most businesses in the Global Top 100?

Which currency is currently the strongest in the world?

Value of a currency in one country compared with the value in another country

Which currency is currently the strongest in the world?

An absolute advantage occurs when

Which of the following is true about the World Bank?

Accepted behaviors, customs, and values of a society

A situation in which a country imports (buys) more than it exports (sells)

How does economic development influence international business?

Agreement between member countries to remove duties & trade barriers on products traded

Selling the right to use some intangible property for a fee  ex) spongebob or Texas Rangers

Country can produce a good at a lower cost than other countries

Tax that a government places on certain imported products

Which factor(s) do not influence international business?

Which global market entry mode has the lowest financial investment and lowest risk?

Which country has the most businesses in the Global Top 100?

what products do we no longer produce in the United States?

How does economic development influence international business?

In terms of economic development, which type of country has a high Human Development Index?

An organization that does business in several countries

Limit set by the gov't on the quantity of products imported or exported within a set period

Which factor(s) influence currency rates?

In terms of economic development, which type of country has a high Human Development Index?

Which global market entry mode has the lowest finacial investment and lowest risk?

Agreement between two or more companies to share a business project

What is it called when members do away with duties and other trade barriers?

An organization that does business in several countries

Action imposed by the government to stop the export or import of a product completely

What products do we no longer produce in the U.S.?

Factor that supports international trade in industrialized countries

Which international trade barrier is a tax a government places on certain imported products?

Selected area where products are imported duty-free stored, assembled, or used in manufacturing

The European Union is an example of what?

An organization that does business in several countries is called?

Which international trade barrier is a tax government places on certain imported products

Country specializes in the production of a good at which it is relatively more efficient

When a country exports (sells) more than it imports (buys)

Where would you find a free trade zone?

Country in which the MNC places business activities

Which of the following is a drawback of a multinational company?

Which of the following is NOT true about the World Bank?