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Marketing Chapter 4: International Trade and Globalization

Authored by Lacey Schroeder

Other

11th Grade

Used 1+ times

Marketing Chapter 4: International Trade and Globalization
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26 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the North American Free Trade Agreement?

A regional trade agreement between Canada, Mexico, and the United States

A tax imposed on goods imported from another country

The purchase of goods and services from another country

An organization that supervises and liberalizes international trade

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a quota?

A regional trade agreement between Canada, Mexico, and the United States

A tax imposed on goods imported from another country

The purchase of goods and services from another country

A restriction on the number of goods that can be imported

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a tariff?

A regional trade agreement between Canada, Mexico, and the United States

A tax imposed on goods imported from another country

The purchase of goods and services from another country

An organization that supervises and liberalizes international trade

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What does imports refer to?

A regional trade agreement between Canada, Mexico, and the United States

A tax imposed on goods imported from another country

The purchase of goods and services from another country

An organization that supervises and liberalizes international trade

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the World Trade Organization?

A regional trade agreement between Canada, Mexico, and the United States

A tax imposed on goods imported from another country

The purchase of goods and services from another country

An organization that supervises and liberalizes international trade

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the balance of trade?

A regional trade agreement between Canada, Mexico, and the United States

A tax imposed on goods imported from another country

The difference between the value of a country's exports and imports

An organization that supervises and liberalizes international trade

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is the interdependence of nations?

A regional trade agreement between Canada, Mexico, and the United States

A tax imposed on goods imported from another country

When countries heavily rely on each other for goods, services, and resources

An organization that supervises and liberalizes international trade

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