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INTRO Chapter 3 Flashcards | StudBud
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INTRO Chapter 3
INTRO Chapter 3
20 terms
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Ch 3 first half
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
A country's roads, utilities, & communication are its
Infrared
Literacy
Infrastructure
Informal attire
2
The correct spelling of another term for World Trade is
Fouriegn
Foriegn
Forien
Foreign
3
Our foreign debt consists of many countries buying ___ from the U.S.
Entertainment & News
Exports
CEOs
<p>U.S. Securities (T-Bonds)</p>
4
With most countries, the U.S. has a trade ____
Deficit
<p>Payment</p>
Import
Surplus
5
Encourage trade from 1 country to another with
Trade Agreements
All of these
Good relations
Common Money
6
All of these are members of the European Union EXCEPT
Germany
Ukraine
Latvia
Sweden
7
Which DOW company accounts for a full 2% of ALL U. S. exports?
Boeing
Microsoft
Coca-Cola
Nike
8
Who was a former North cheerleader & secretary of her senior class?
Mrs. Kruszynski
Miss Hughes
Mrs. Belsito
Mrs. Wolfe
9
Rob Gronkowski, formerly of North, now New England Patriots football appears in an ad for
Nike
Riddell
New Era
Madden Video Game
10
The best way to describe U.S. trade with the rest of the world is ___ balance of trade.
Copacetic
Unfavorable
Unrealistic
Even
11
We trade with nearly all of the ____ countries in the world.
190
800
<p>300</p>
50
12
The #1 best selling product of all time, so far, is
Star Wars movies
PlayStation
Toyota Corolla Car
iPad
13
When our exports exceed our imports, we have a trade
Termination
Balance
Surplus
Deficit
14
The Language spoken by the most people in the world is
Spanish
English
Chinese
Hindi
15
Money moving between countries during tourism, for aid, and as investments affects the
Creation of Countries
World Temperature
Balance of Trade
Balance of Payments
16
Each of these can be an INFORMAL barrier to trade with another country EXCEPT which one?
Tariffs
Language
Politics
Literacy
17
The language spoken in more countries than any other is
Hindi
Chinese
Spanish
English
18
The correct spelling:
Business
Buisness
Bussines
Bizness
19
Large Banks & International Financial Centers are part of the
Foreign Exchange Market
Balance of Trade
Foreign Exchange Rate
Exchange Rate
20
When 1 country is superior at producing 1 item better than anything or anyone, they have
Absolute Advantage
Competitive Disadvantage
Excessive Exportage
Comparative Advantage