International Business Review

When was the World Bank created?

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

a country can produce a good or service at a lower cost than other countries

Political actions to restrict free trade.

McDonald's is an example of a Franchise.

A restaurant chain is an example of a global strategy

What's 100% imported by the US?

What factor wouldn't be a consideration when starting businesses in other countries?

The literacy level a country has will affect the economic development of a country

Items bought from other countries

The International Monetary Fund was established in ___

South American countries mainly produce coffee. So they have a _ over coffee products

The difference between a country’s total exports and total imports

A tax that a government places on certain imported products

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

A limit on the quantity of a product that may be imported and exported within a given period

Difference between the amount of money that comes into a country & the amount that goes out

Refers to a nation’s transportation, communication, and utility systems

NAFTA was created in 1993 between Mexico, the United States, & Canada

Goods and services sold to other countries

The World Trade Organization was established in ___

automated production, distribution to create and deliver goods, services, and ideas quickly

Which of the following is not a key factor on a country's economic development?

Coca-Cola is an example of a global strategy

A trade shortage is when a country exports more than it imports

Which international trade organization helps make trade wars less likely & created in 1946?

An organization that does business in several countries

Which international trade organization promotes trade around the world & created in 1995

The European Union (EU) is an example of a:

What are the most common forms of formal trade barriers?

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

location/climate/terrain/ seaports/natural resources of a country that influence bus. activity

The value of currency is constant or rising

Benefits of Licensing include

An agreement between two or more companies to share a business project

Which international trade organization was created to provide loans for rebuilding after WWII

Which of the following is not a type of trade barrier