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WorksheetsInternational Business Review
Total questions: 12
Worksheet time: 6mins
Name
Class
Date
1.
Commodities involves those economic transactions that take place inside the geographical boundaries of a country
a)
true
b)
False
2.
Export- a commodity, article, or service brought in from abroad for sale.
a)
true
b)
false
3.
Commodities- A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers
a)
true
b)
False
4.
Gross National Product- any business that operates across international borders.
a)
True
b)
False
5.
Trade- the action of buying and selling goods and services.
a)
True
b)
False
6.
Import- a tax or duty to be paid on a particular class of imports or exports.
a)
True
b)
False
7.
a commodity, article, or service sold abroad.
a)
Trade
b)
Import
c)
Export
d)
Domestic
8.
an official ban on trade or other commercial activity with a particular country.
a)
Tariff
b)
Export
c)
Import
d)
Embargo
9.
goods transported in bulk by truck, train, ship, or aircraft.
a)
Transit
b)
Freight
c)
Cargo
d)
Haulage
10.
Total market value of all goods and services produced in a country in a year.
a)
Gross Domestic Product
b)
Consumer Price Index
c)
Gross National Product
d)
Gross National Income
11.
a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
a)
Import
b)
Export
c)
Commodities
d)
Resources
12.
The total value added from domestic and foreign sources claimed by residents of a country.
a)
Gross Domestic Product
b)
Purchasing Power Parity
c)
Gross National Product
d)
International Monetary Fund
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