Quiz No. 3

Family Name, First Name:

Is a term used to describe how trade and technology have

made the world into a more connected and interdependent

place.

• Universalization
• Localization
• Isolationism
• Globalization

What is the term for the increasing integration of economies and societies around the world?

• International Business

• Business

• International Business and Trade

• Globalization

Agreement is a pact between two or more nations to reduce

barriers to imports and exports among them.

(a)  

Any commercial transaction that crosses the borders of two or more nations is known as

• international business

• global manufacturing

• domestic marketing

• market segmentation

Goods and services purchased abroad and brought into a country are called ________.

• gross domestic products

• gross national products

• imports

• exports

A business that has direct investments (in the form of marketing or manufacturing subsidiaries) abroad in several countries is called a ________.

• shell corporation

• multinational corporation

• domestic corporation

• shell corporation

The US imports the most from this country

• China
• Japan
• Canada
• England

A large company such as McDonalds that has operations in more than one country.

• Domestic Corporation

• Multinational Corporation

• Foreign Corporation

• State Corporation

Underdeveloped nations tend to trade what type of goods?

• Low skill products

• High tech goods

• finished products

• High skill products