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International Towne Check-In Flashcards | StudBud
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International Towne Check-In
International Towne Check-In
20 terms
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StudBud Administration
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International Towne Review
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What does it create when a country specializes in a good or service and trade with each other?
Restricted Trade
Domestic Trade
Global Trade
Interdependence
2
Competition helps drive what?
Variety
Comparing
Quality
Competitiveness
3
A tax that is put on an import is called?
Taxation
Tariff
Trade Balance
Quote
4
What country is NOT apart of the North American Free Trade Agreement (NAFTA)?
Canda
Puerto Rico
USA
Mexico
5
The willingness to assume risk of producing a good or service?
Organization
Constitution
Entrepreneurship
CEO
6
Which country is NOT in the EuRussia region?
Israel
Italy
Netherlands
United Kingdom
7
Payments made to a domestic company to compete more with foreign businesses?
Quota
Subsidy
Tariff
Bail-Out
8
What does GDP stand for?
Great Depression Parties
Gavin Does Pilates
Gross Domestic Properties
Gross Domestic Product
9
What happens when supply of a product cannot meet the demand?
Cost increases
Cost decreases
Supply doesn't change
Supply and demand go down
10
Which country has the greeting "Akwaaba"...?
Japan
Israel
Singapore
Ghana
11
What is the total market value of the goods and services of a country at a given time?
Ecomony
GDP
Sustainability
Market Value
12
A limit on the number or good that a country can import?
Mixed Economy
Trade Limit
Embargo
Quota
13
What is called when a country uses it resources most efficiently to produce goods or services?
Specialization
Trade Barrier
Unique Products
Quota
14
Which country says thank you "Dank u"...?
Germany
Russia
Netherlands
Italy
15
Limits or restrictions on foreign trade?
Embargo
Trade Barriers
Economic Recession
Domestic Policy
16
What is it called when a country purchases good or services from another country?
Import
Export
Tariff
Subsidy
17
What is it called when a product is rare, or supply cannot be met?
Scarcity
Trade Agreement
Trade
Embargo
18
What are machines, tools, labor, and materials used to create a product or service called?
Workforce
Company
Resources
Export
19
When a country sells their products or services to other countries?
Trade agreement
Import
Global Trade
Export
20
When a country prohibits trade with another country because of political differences?
Trade Restriction
Embargo
Tariff
Trade Barrier