Goods and services that are sold to other countries are called exports.

A country earns revenue by imposing tariffs on foreign goods.

When dumping occurs, the price of the goods in a foreign market drops.

Tariffs have a tendency to lower the price of foreign products.

Nontariff barriers are designed to protect foreign producers.

Trading blocs have discouraged global trade and investment.

When sales at home begin to lag, American firms have shipped their products overseas.

When more money leaves a country that comes in, a balance of payments surplus occurs.

A country with a prolonged trade surplus may find it difficult to pay its bills.

A form of international business whereby firms agree to cooperate on certain aspects of business while remaining competitors on other aspects is a

The branches of an international firm are called

The international organization that creates and enforces rules concerning trade among countries is the

What effect do tariffs have on the prices of foreign products?

The value of an English pound relative to the euro is its

What can be said about dumping?

When an American company allows a Japanese company to produce and sell in Japan a product the American company invented, his arrangement is known as

Before an American company can sell its left-side steering wheel motor vehicle to Ireland, it must change the steering wheel to the right side. This restriction imposed by Ireland is called

A company is headquartered in the UK with a subsidiary in Qatar. What is Qatar called?

In a low-context culture such as the United States, communication would likely be

American companies cannot conduct business in North Korea because of

During the start-up phase of foreign operations, firms tend to reply on managers

If a US company overproduces, the best way to dispose of its surplus goods profitably is to

When a country specializes in providing products or services more efficiently than can other countries, it is practicing the theory of

Introduction, growth, maturity, and decline are elements of

What are the two parts of the balance of payments statement?

Countries with prolonged trade deficits

Investment funds coming into and going out of a country are recorded in the

Limits placed on the quantity of items permitted to enter a country.

Occurs when a government bars companies from doing business with particular countries.

Single new currency adopted by many EU members.

Goods and services purchased from other countries.

Value of one country's currency expressed in the currency of another country.

Foreign locations where a company has facilities.

Taxes on foreign goods that protect domestic industries and earn revenue.

Arrangement in which two or more firms share profits and the costs of doing business.

Country in which a company has its headquarters.

Foreign branches of a company that are registered as independent legal entities.