BP Ch 3

What is an MNC?

Which of these is likely to cause a country's currency to rise in value?

What is stopping the importing or exporting of a certain product or service?

What are goods and services bought from another country?

What are a nation's transportation, communication, and utility systems?

What is an area where products can be imported duty-free, then stored, assembled, or used?

What is a tax that a government places on certain imported products?

T or F: a nation with a trade suplus is said to have a favorable trade position.

What are goods and services sold to another country?

About how many US jobs depend on international business?

A country in which a MNC conducts business is called the

Selling the right to use intangible property for a fee or royalty is

Licensing...

What is an organization that conducts business in several countries?

Which of the following is NOT a cultural/social factor that affects international business?

The US conducts trade with more than _____ countries.

What is the difference between a country's total payments to and receipts from other countries?

Which of the following has an absolute advantage in coffe production?

What are government restrictions to reduce free trade?

What is the difference between a country's total exports and total imports of goods?

What is the value of money of one country in terms of money of another country?

A country produces goods or services at which it is relatively more efficient....

What is an agreement between 2/more companies to share a business project?

What is a limit on products that can be imported/exported in a certain period?

A negative or ______ balance of payments occurs when a country sends more money than brings in.