Front

Sending goods to another country to sell.

Back

export

Front

Bringing goods in from another country to sell.

Back

import

Front

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).

Back

Free Trade

Front

The development of a worldwide economy where resources flow fairly freely across borders.

Back

Globalization

Front

What are some negatives of globalization?

Back

Workers are exploited in sweatshops, Pollution and deforestation, Low wages for factory workers in Asia and Africa.

Front

What are some positives of globalization?

Back

Cheap sneakers and clothes, Cheap electronics, Information is easy to access and it travels quickly (internet and social media)

Front

A country that lacks the ability to logistically transport imports & exports would be concerned with which component of the international business environment?

Back

Infrastructure

Front

The exchange of goods and services by sale or barter driven by the need for resources.

Back

Trade

Front

According to CNN, the United States receives 80% of its avocados from Mexico. Mexico receives most of its auto parts from the United States. This is an example of the following.

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Interdependence

Front

A large company that has operations in more than one country.

Back

Multinational Corporation