
Trade and Economic Terms
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Easy
RM Anugerah
Used 1+ times
FREE Resource
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9 questions
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1.
FLASHCARD QUESTION
Front
Tariff
Back
A tax on imported products
2.
FLASHCARD QUESTION
Front
Globalisation
Back
The process by which the world is becoming increasingly interconnected through trade and other links
3.
FLASHCARD QUESTION
Front
Quota
Back
A limit placed on imports or exports
4.
FLASHCARD QUESTION
Front
Embargo
Back
A ban on imports or exports
5.
FLASHCARD QUESTION
Front
Exchange control
Back
A limit on the amount of foreign currency that can be obtained
6.
FLASHCARD QUESTION
Front
Quality standards
Back
A country may require imports to reach artificially high standards.
7.
FLASHCARD QUESTION
Front
Expensive paper works
Back
Requiring foreign firms who wish to sell to the country to fill out a considerable amount of time-consuming paperwork that persuades them to switch over to other markets
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