International Trade & Globalization
Flashcard
•
Business
•
9th - 12th Grade
•
Hard
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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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