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International Trade Intro
International Trade Intro
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Introduction to International Business - key terms
Flashcards
12 cards
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Questions
12
Answers
1
International Business could include...
Importing goods from another country.
All of the above.
Owning a retail outlet in another country.
Owning a manufacturing factory in another country.
2
The monetary value of all goods and services produced within a nation over a period of time.
Gross Net Product
Gross National Product
Great Domestic Production
Gross Domestic Product
3
Which country is not part of the G8
Canada
Japan
Germany
India
4
Renting a hotel room would be considered a good or a service?
Service
Good
5
Which country is not part of USMCA?
Canada
Mexico
United States
Brazil
6
What is a tariff?
A method of protecting domestic business
A barrier to trade
A tax on imports
All of the above
7
Translating an idea into a good or a service that is new is called:
Trade
Productivity
Innovation
GDP
8
An economic measure of output per unit of input is known as:
Innovation
GDP
Trade
Productivity
9
If a business in one country develops a relationship with a business in another country:
Friends
Trading partners
An illegal alliance
Trading competitors
10
USMCA stands for....
United States-Mexico-Canada Agreement
United Statement of Canada and America
United States Modern Canada Agreement
North American Free Trade Agreement
11
A business that makes transactions within the borders of its own country is known as...
Domestic business
Service business
International business
Small business
12
Is lumber a resource or non-resource export?
Resource
Non-resource
