Global Trade

Exports are good that are sold to foreign countries.

Endangered plant and animal species and products made from them are banned in the US by

A _________ business produces & sells products in foreign countries and inside its own borders.

The purpose of this org. is to provide a forum, handle disputes, and help developing countries.

Allowing only a certain number of items to be imported is known as imposing a _________.

When central banks influence exchange rates, it is called__________.

Imports are goods sold to other countries.

A developing country is also known as an emerging market.

Gov. use import restrictions to protect the health & safety of citizens. 

US laws do not apply when doing business in foreign countries

A total ban on all goods coming into the country is called an______________.

The higher the currency's value, the stronger the economy is relative to other countries.

When the price of a foreign currency is strengthened so is the US dollar.

The United States, Great Britain, Canada, and Australia are all industrialized countries.

Which of the following is not legally affected by US businesses opening in a foreign market.

Today, there are 190 countries classified according to their level of economic development.

Exports are good that are sold to foreign countries.

Greater demand for products in a country translates to more demand for its currency.

A duty or a tax on imported goods is called a ___________.

The exchange rate set by the market forces of supply & demand in the foreign exchange market.