Chapter 5 Test Review

What country spent the least amount of money in exports in 2014?

The right to sell a company's good or services in a specific area.

Which of the following is not in NAFTA?

Which of the following is not a benefit of exporting?

The difference between a nations exports and imports.

When are we have the Chapter 5 test?

Which of the following is not a trade barrier?

Planning and managing flow of goods and services to a destination.

A limit on the amount of a product imported into a country during a specific period.

Which country spent the most amount of money in exports in 2014?

How many countries are in the European Union trading bloc?

Is having people from different backgrounds, cultures, or demographics together in a group.

An embargo that affects only certain goods is an?

Which of the following is not a way to enter a global market?

The buying and selling of goods and services across national borders.

Someone who can translate conversations.

A governmental tax on imported goods.

What does NAFTA stand for?

Balance of trade is?

Is shared beliefs, customs, practice, and social behavior of a particular group or nation.

When a business sells the right to manufacture its products or use its trademark.

What chapter is this test over?

Goods and services produced within a country's borders and sold in another country?

Globalization is the connection made among nations when economies freely move (pick 3)

Most currencies today are

Group of countries that have reduced or eliminated trade barriers among themselves

If 1.27 Canadian Dollars equal 1 USD, how many Canadian Dollars is 15 USD?

The body of laws related to the exchange of goods and services for international is called?

Name 3 types of trade barriers used by governments.

Which of the following is not a business option to enter a foreign market?