Chapter 3 Business in the Global Economy #2

Is foreign debt the amount of money that other countries owe the U.S.?

• Yes

• No

If a country imports more than it exports, does it have a trade deficit?

• Yes

• No

Does supply and demand affect the exchange rate?

• Yes

• No

Does a country's infrastructure refer to its climate and natural resources?

• Yes

• No

Are tariffs on certain goods used to restrict free trade?

• Yes

• No

Is the North American Free Trade Agreement (NAFTA) an agreement created by the United States, Mexico, and Japan

• Yes

• No

Does licensing have a low financial investment and a high potential financial return?

• Yes

• No

Are franchise agreements popular with fast-food companies such as McDonald's, Wendy's, and Burger King?

• Yes

• No

The primary effects of a country's level of economic development are its literacy level, agricultural dependency, and ____________.

• domestic business

• technology

• exchange rate

Making, buying, and selling goods and services within a country is referred to as ________________.

• International business

• Common market

• Domestic Business