IGCSE Business Studies Chapter 29

Front

Setting a limit on the quantity of a product that may be imported or exported within a given period to regulate international trade is called?

Back

Quota, Quotas

Front

It is a tax that a government places on certain imported products

Back

Tariff, Tariffs

Front

It reduces trade barriers and encourages trade between countries.

Back

Free-trade agreements

Front

Buying goods and services from another country is considered?

Back

Importing

Front

Selling goods and services to another country is considered?

Back

Exporting

Front

It is an organization that has operations in more than one country.

Back

Multinational Company

Front

__________ is the term now widely used to describe increases in worldwide trade and the movement of people and capital between countries.

Back

Globalisation

Front

A currency is said to go up if the value of the currency increases with respect to another currency.

Back

Appreciation

Front

What is it called when a currency's value is lower with respect to another?

Back

Depreciation

Front

It is the rate at which one country’s currency can be exchanged for that of another.

Back

Exchange rate