Test INT monday

Goods and services sold abroad and sent out of a country

• Imports

• Exports

• Globalization

• International Business

Goods and services purchased abroad and brought into a country

• Exports

• Imports

• GDP

• International Business

Commercial transaction that crosses the borders of two or more nations

• GDP

• GNP

• Globalization

• International Business

Trend toward greater economic, cultural, political, and technological interdependence among national institutions economies

• Globalization

• GNP

• Exports

• Imports

Value of all goods and services produced by a domestic economy during a one-year period

• Globalization

• GNP

• GDP

• Caste system

Value of all goods and services produced by a country’s domestic and international activities during a one-year period

• GNP

• GDP

•  Brain drain

• Caste system

Business that has direct investments abroad in multiple countries

• Caste system

• Brain drain

• class system

• Multinational corporation

Departure of highly educated people from one profession, geographic region, or nation to another

• Brain drain

• Class system

• Culture

• Hofstede framework

System of social stratification in which people are born into a social ranking, or caste with no opportunity for social mobility

• Caste system

• Ethnocentricity

• Values

• Civil law

System of soicial stratification in which personal ability and actions determine social status and mobility

• Culture

• Class system

• Values

• Civil law