Chapter 28: International Economy

What limits the amount of products imported

• Tariff
• Quota
• Embargo
• Trade ceiling

What is the difference between the value of imports and the value of exports

• Balance of trade
• Trade differential
• Trade deficit
• Trade surplus

What is the name of a company that does business and has facilities in many countries?

• World Business
• Multinational Corporation
• World Power
• None of the above

Goods and services one country BUYS from another country.

• Imports
• Exports
• Trade
• National Purchase

Goods and services one country SELLS to another country.

• Imports
• Exports
• Trade
• National Purchase

The sales and exchange of goods and services between a buyer and a seller.

• Imports
• Exports
• -
• National Purchase

A name for money used in economics.

• Cash
• Scratch
• Moolah
• Currency

The buying and selling of goods and services within your own country.

• Commerce
• Business
• Sales
• Domestic Trade