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WorksheetsInternational Trade
Total questions: 13
Worksheet time: 6mins
Imports refers to...
a product that is bought from the global market
A product that is sold to the global market
What does dumping mean?
It is to sell above the normal price in order to eliminate the competition and take over the market.
It is selling below the normal price in order to eliminate the competition and take over the market.
Holds that regulation of international trade is important to ensure that markets function properly.
Protectionism
Laws
Exportation and Importation quality
Is when the countries rich people try to liberalize markets in order to sell your products anywhere in the world, however, protect their markets with heavy taxes
Domestic protectionism and foreign liberalization
Public subsidies
Is a commercial system based on dialogue, transparency and respect, which seeks greater equity in international trade, paying special attention to social and environmental criteria.
Free Trade
Fair Trade
Classic Trade
They are some principle of Fair Trade (3)
Ensures decent working and salary conditions and egalitarian to workers.
Prioritize environmentally sustainable activities.
Buy directly from producers to avoid proliferation of intermediaries.
Improve shipping processes
Is the opportunity cost of producing both products is greater than the cost of specializing
Imports
Absolute advantage
Comparative Advantage
Exports
International trade is referred to as the exchange or trade of goods and services between different nations.
True
False
What are multinationals?
They have Headquarters in other countries, and branches in countries that consume more of the product or service
They have a
headquarters in their country of origin, and branches in different parts of the where they buy raw materials
They have
headquarters and branches only in their country
In the long term, export performance can contribute to...
Little economic production and Little workers' salaries
Higher demanded of products and Little production
Little demanded of products and Little workers' salaries
Higher economic production and higher workers' salaries
They are some characteristics of multinationals (3)
Covers more than one country
These are heavy investments in research and development for the communities.
They tend to buy franchises from other companies
One of their usual forms of growth is through mergers and acquisitions
Is trade based on the rules of the world trade game, set by rich countries and multinational corporations, which marginalize peasants and small producers.
Fair Trade
Unfair trade
Free Trade
Classic Trade
They are often characterized by the payment of precarious wages in the South
Multinationals
Transnational
Local
