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?
International Business

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9th - 12th Grade
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1.
FLASHCARD QUESTION
Front
Back
Quota
2.
FLASHCARD QUESTION
Front
___________ is a tax that a government places on certain imported products
Back
Tariff
3.
FLASHCARD QUESTION
Front
Stopping the export and import of a product is known as?
Back
Embargo
4.
FLASHCARD QUESTION
Front
These are typically found in airports & seaports and do not follow the regular trade customs and are considered duty-free.
Back
Free-trade zones
5.
FLASHCARD QUESTION
Front
__________________ reduces trade barriers and encourages trade between countries.
Back
Free-trade agreements
6.
FLASHCARD QUESTION
Front
Members do away with duties and other trade barriers - they allow companies to invest freely in each member’s country •ex. EU (European Union)
Back
Common markets
7.
FLASHCARD QUESTION
Front
Purchasing the right to use a company name or business process in a specific way ex. McDonald’s, Burger King, KFC and Pizza Hut
Back
Franchising
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