IGCSE Business Studies Chapter 29

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

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

• National Company

• Global Company

• Multinational Company

__________ is the term now widely used to describe increases in worldwide trade and the movement of people and capital between countries.

• Nationalisation

• Globalisation

• Multinationalisation

It is a currency is said to go up if the value of the currency

increases with respect to another currency.

• Appreciation

• Depreciation

• Exchange

• Deficit

It is a currency is said to go down if the value of the currency is lower with respect to another.

• Appreciation

• Depreciation

• Exchange

• Surplus

It is the rate at which one country’s currency can be exchanged for that of the another.