Business and the International Economy

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?

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

It reduces trade barriers and encourages trade between countries.

• Common markets

• Multinational Company

• Free-trade agreements

• Free-trade zones

Buying goods and services from another country is considered?

• Exporting

• Importing

• Trading

Selling goods and services to another country is considered?

• Exporting

• Importing

• Trading

The countries in which the multinational company operates are called ________countries.

• host

• home

• trade

• domestic

    The country in which the multinational has its headquarters is called the ________ country.

• host

• home

• trade

• domestic

For a business to be called a multinational company, it must ________ goods in at least two/ten countries.

• sell

• produce

• make

• give

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

It is the process by which countries are connected with each other because of the trade of goods and services.