International Trade & Globalization

International Trade & Globalization

Assessment

Flashcard

Business

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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53 questions

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1.

FLASHCARD QUESTION

Front

The exchange of goods and services by sale or barter driven by the need for resources.

Back

Trade

2.

FLASHCARD QUESTION

Front

Sending goods to another country to sell.

Back

export

3.

FLASHCARD QUESTION

Front

Bringing goods in from another country to sell.

Back

import

4.

FLASHCARD QUESTION

Front

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (money to assist an industry so prices can remain low).

Back

Free Trade

5.

FLASHCARD QUESTION

Front

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

Back

Multinational Corporation

6.

FLASHCARD QUESTION

Front

The development of a worldwide economy where resources flow fairly freely across borders.

Back

Globalization

7.

FLASHCARD QUESTION

Front

What are some negatives of globalization?

Back

Workers are exploited in sweatshops, Pollution and deforestation, Low wages for factory workers in Asia and Africa.

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