International Trade Quiz Vocabulary
Authored by Stephannia Kabanakis
Business
12th Grade
Used 1+ times
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29 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is International Marketing?
The difference in value between a nation's exports and its imports
Developing and performing marketing activities across national boundaries
A limit on the amount of goods an importing country will accept for certain product categories in a specific period of time
Government restrictions on the amount of a particular currency that can be bought or sold
2.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What does Gross Domestic Product (GDP) measure?
The market value of a nation's total output of goods and services for a given period; an overall measure of economic standing
The concept that morality varies from one culture to another and that business practices are, therefore, differentially defined as right or wrong by particular cultures
A duty levied by a nation on goods bought outside its borders and brought into the country
An alliance that promotes trade among its member countries in Europe
3.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is an Import Tariff?
An alliance that promotes the free circulation of goods, services, and trade
A government's suspension of trade in a particular product or with a given country
A duty levied by a nation on goods bought outside its borders and brought into the country
The difference in value between a nation's exports and its imports
4.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is a Quota in terms of international trade?
The concept that morality varies from one culture to another
A limit on the amount of goods an importing country will accept for certain product categories in a specific period of time
Government restrictions on the amount of a particular currency that can be bought or sold
An alliance that merges Canada, Mexico, and the United States into a single market
5.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What is an Embargo?
The market value of a nation's total output of goods and services for a given period
A government's suspension of trade in a particular product or with a given country
The difference in value between a nation's exports and its imports
An alliance that promotes trade among its member countries in Europe
6.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What are Exchange Controls?
Government restrictions on the amount of a particular currency that can be bought or sold
A duty levied by a nation on goods bought outside its borders and brought into the country
The market value of a nation's total output of goods and services for a given period
An alliance that promotes the free circulation of goods, services, and trade
7.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
What does the Balance of Trade represent?
The concept that morality varies from one culture to another
The difference in value between a nation's exports and its imports
A limit on the amount of goods an importing country will accept for certain product categories in a specific period of time
An alliance that merges Canada, Mexico, and the United States into a single market
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