Business Tech-Chapter 3-Global Economy

This trade organization was created in 1944 toprovide loans for rebuilding after WWII

Items bought fromother countries are called ______________.

Goal of the World Trade Organization.

________ is an agreement between two or more companies to do business in anothercountry.

1.    A trade_________is a restriction to free trade.

A nation with a trade________________is said to have a favorable trade position.

Foreign________________ is the amount a country owes to other countries.

Goods and services sold to other countries are called  ______________

A(n) ______________is the right to use a company name or business process in a specific way.

1.     __________________ rates are the cost of using someoneelse’s money. 

The making, buying and selling of goods & services within a country is called _________business

A nation’s transportation,communication, and utility systems is referred to as its__________.

An  ___ balance of payments occurs when a country sendsout more money than it brings in.

The______rate is the value of a currency in one countrycompared with the value in another.

If a country specializes in the production of a good it is called a ______advantage.

When a country has a favorable balance of payments, the value ofits currency is usually _____

Selling the right to use some intangible property for a fee orroyalty is called  ___________

Area where products are imported duty-free and then stored,assembled, or used in production.

The accepted behaviors,customs, and values of a society are referred to as__________.

When a governmentcompletely stops the import or export of a product, it is called a(n) ____.

Limiting the quantity of a product thatmay be exported/imported during a period is called ___

A tax that a government places on certain imported products iscalled a(n) _______

List a cultural/social factor that affects international business?  

1.     The key effects on a country’s level of economic development are ____

The differencebetween a country’s total exports and total imports is called the 

The differencebetween the amount of money coming in and going out of a country is called ___

If a nation importsmore than it exports, it has a trade _______.