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Duplicate of 3-2 THE GLOBAL MARKETPLACE Flashcards | StudBud
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Duplicate of 3-2 THE GLOBAL MARKETPLACE
Duplicate of 3-2 THE GLOBAL MARKETPLACE
20 terms
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StudBud Administration
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4 plays
components of international trade/ formal trade barriers/ encourage international trade
Flashcards
20 cards
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Questions
20
Answers
1
Where is the largest goldmine?
Indonesia
China
Zambia
South Africa
2
The NAFTA of 1994 is an agreement made between United States, Canada, and Mexico to end tariffs
True
False
3
A gov't chooses to export and have free-trade (no charge for imports) because of this reason.
all of the above
economic prosperity
create jobs
promote international relations
4
Economic Development in countries (how to use resources) are affected by these key factor's
climate, terrain, water
language, family, religion
literacy level, technology, agricultural dependency
government, political stability, trade barrier
5
Device that governments use to control international trade is a tax on certain goods.
False
True
6
Comparative advantage is when a country could produce one item, but do not and produce another
false
true
7
Factor for trade called infrastructure; is a nation transportation/communication/utility system
True
False
8
When a country can produce a good at a significant lower cost than another country
absolute advantage
comparative advantage
9
Copper makes up
90% of Zambia's exports
30% of Zambia's exports
70% of Zambia's exports
60% of Zambia's exports
10
A depreciation of the pound
makes exports dearer
makes exports cheaper
makes imports cheaper
makes imports dearer
11
Who is the hottest Indian
Amrit's Dad
Dev Patel
Kish Bursar
Tandulker
12
What main factors will businesses consider when going into International Business Environment?
GDP, unemployment, distance, and time
geography, culture, economic development, and politic/legal
culture, language, logistics, and exchange
money, time, skills, and technology
13
Who is the highest earning rugby player?
Owen Farrell
Mr Carr
Dan Carter
Wayne Rooney
14
Allowing companies to invest freely in each member's country means they have a common market
False
True
15
This is the complete stop used by a government of a products export/import
turn-down
textile
shut-down
embargo
16
Gov't actions when dealing internationally can create ___ _which are restrictions on free trade
trade barrier
embargo
free-trade zone
quota
17
Regulate international trade a gov't sets limit on the quantity of a product for import/export
embargo
tariffs
trade barista
quotas
18
Political and Legal Factors of the International Business Environment are:
government system
business regulations/ trade barriers
all of the above
politcal stability
19
A ___zone where an area's products can be imported tax free, stored and used in manufacturing
linear seige
common market
free-trade
multi-market
20
What is the capital city of NZ
Auckland
Wellington
Hamilton
Hobart
