Globalization and International trade

What does it mean to send goods or services to another country for sale or trade?

• A) Import

• B) Export

• C) Domestic trade

• D) Globalization

What does it mean to bring goods or services into a country from abroad for sale or trade?

• A) Import

• B) Export

• C) Domestic trade

• D) Outsourcing

What was the ancient trade network connecting China, India, the Middle East, and Europe that enabled the exchange of goods like silk and spices, as well as cultural ideas and religions, shaping the development of these regions?

• A) The Age of Discovery

• B) The Silk Road

• C) The Spice Route

• D) The First Wave

What is the increasing interconnectedness and interaction of people, economies, countries and cultures through trade, ideas, technology, and exchange?

What is the military alliance among countries in North Atlantic in terms of collective defense and mutual support among its member countries?

• A) The United Nations

• B) NAFTA

• C) NATO

• D) The European Union

What is the tax imposed by a government on imported goods, used to protect domestic industries and generate revenue?

• A) Excise Tax

• B) Sales Tax

• C) Tariff

• D) Quota

What is a government-imposed limit on the quantity or value of a specific good that can be imported or exported during a certain period, used to regulate trade and protect domestic markets?

• A) Quota

• B) Tariff

• C) Subsidy

• D) Embargo

What is the act of moving to a new country with the intention of living there permanently?

What is the act of departing from your home country to live in another country?

What is the international organization established in 1945 to promote peace, security, human rights, and cooperation among member nations?

• A) The United Nations

• B) NAFTA

• C) NATO (North Atlantic Treaty Organization)

• D) The European Union