Ch. 3 - Int'l Trade Quiz 3

South-Western College, located in Atlanta, Georgia - publishes business textbooks. A percentage of the books it publishes are sold to students in Canada. The textbooks are _____ to the Canada market.

Mariah Dover cashed her $100 traveler's cheque in Riga, the capital of Latvia. At the current _____ rate, she received $61.82 in Latvian currency from the bank teller who took her traveler's cheque. Hint: two words

Japan has limited the number of pounds of citrus fruit that can be imported into the country. This limitation is called a(n) _____. Hint: two words

The United States imposes a(n) ______, a tax, on all imported bicycles.

______ is the act of charging a lower price for a product in foreign markets than in its home market in order to win customers or get rid of a surplus.

The newest free trade agreement is the ______. Participants in this agreement are the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Nicaragua, and Honduras. Hint: provide initials to agreement in capital letters

______ is a trade agreement among Argentina, Brazil, Paraguay, and Uruguay that eliminates most tariffs among the member nations. Hint: 8 letters, starts with 'M'

______ is a legal process whereby a domestic firm gives a foreign firm the right to use its patents, trademarks, brands, products, and company name. The foreign firm will pay a royalty or fee agreed on by both parties.

_______ is a form of barter in which countries trade goods and services.

________ is the sense of national consciousness that boosts the culture and interests of one country over those of other countries.