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Economy and International Trade Flashcards | StudBud
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Economy and International Trade
Economy and International Trade
24 terms
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StudBud Administration
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A #marketing #blindquiz about #economy and #internationaltrade.
Flashcards
24 cards
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Questions
24
Answers
1
Capitalism is when.......
Private ownership of business and market place
Government runs everything
Government is involved in peoples lives
An economic system is characterized by private ownership
2
Economy with no government involvement in economic decisions
Command
Market
Capitalism
Traditional
3
Exporting is____
Sending abroad for sale
Selling product and using the same promotion
Sending goods and services to another country for sale
Goods and services into counrty
4
Cuba, North Korea and china are examples of......
Socialism
Communism
Command
Capitalism
5
Ban of trade
Embargoes
Tariffs
Quotas
Importing
6
What is a natural resource?
A lake used for drinking water
Wood and coal
Things found on earth or sea
Things JUST in the sea
7
Selling the same product and using the same promotion method in all countries.
Globalization
Customization
Exporting
Adaption
8
Goods coming in are an example of?
International Trade
Imports
Exports
Free trade
9
Exchange of goods and services among nations is _____.
Importing
Free trade
Tariffs
International trade
10
Limits on how much you can trade
Tariffs
Exporting
Embargoes
Quotas
11
Tax on trades
Tariffs
Quotas
Embargoes
Taxes
12
Government makes economic decisions
Market
Communism
Command
Traditional
13
Who does labor refer too?
People who work
People who shop
People who build houses,buildings,etc.
People who are retired from work
14
Government is involved with peoples life and the economy. Canada and Sweden are examples
Capitalism
Socialism
Command
Communism
15
What are the factors of production?
Factories and office buildings
Land,Labor,Natural Resources
Land,Labor,Capital,Entrepreneurship
Natural resources,Capital,Labor
16
Subsidies is when ?
They let company's be more competitive
limit on trade
tax on trades
Restrictions on trades
17
Exports are ______?
Commercial goods
Goods going out
Goods coming in
International Goods
18
Protectionism is____?
Tax on trade
When government puts restrictions
Company to be more competitive
ban on trade
19
The money needed to start and operate a business is a.......?
Resources
Entrepreneurship
Economy
Capital
20
A _______ is things that are used to produce good and services
Labor
resources
Capital
natural resources
21
What is an economy?
The needs and wants of people who live in the nation
Organized way a nation provides the needs & wants of people
A organized way the nation provides services.
A trading system
22
Exchange between nationals that are conducted without restrictive regulations.
International trade
Exporting
Importing
Free trade
23
Bringing goods or services into country from abroad.
Importing
Tariffs
Quotas
Exporting
24
Economy based on traditions and rituals
Traditional
Command
Market
Capitalism
