International Trade

What does NAFTA stand for?

• North American Free Trade Agreement
• National Association of Foreign Trade Agencies
• New Agreement for Trade Advancement
• Nordic Association of Fair Trade Agreements

Which organization deals with international standards for trade?

• UNICEF (United Nations International Children's Emergency Fund)
• WHO (World Health Organization)
• ISO (International Organization for Standardization)
• ILO (International Labor Organization)

What is the most common form of international trade financing?

• Personal check
• Cash payment
• Bank transfer
• Traveler's cheque

What does CIF stand for in international trade?

• Cargo Insurance Form
• Cost Insurance Factor
• Customs Import Fee
• Cost, Insurance, and Freight

What is a tariff in international trade?

• Tax on value-added goods
• Fee for using maritime ports
• Fee for obtaining import licenses
• Tax applied to imported or exported goods

What is the WTO? (World Trade Organization)

• World Tourism Organization
• World Technical Organization
• World Trade Office
• World Trade Organization

Which term refers to the practice of selling goods abroad at a price lower than the domestic market?

• Dumping
• Export subsidy
• Trade deficit
• Import quota

What does FTA stand for in international trade? (Free Trade Agreement)

• Federal Transportation Authority
• Fair Trade Agreement
• Foreign Trade Association
• Free Trade Agreement

Which term refers to a tax levied on imported goods to protect domestic industries?

• Quota
• Subsidy
• Embargo
• Tariff

Which document is used to specify the terms of international trade, including the price, quantity, and quality of goods?

• Bill of lading
• Certificate of origin
• Commercial invoice
• Packing list