When a country's imports exceed its exports, this is a trade

The value of a country's currency is likely to decline as a result of

Items bought from other countries are

Which type of business happens when buying and selling crosses borders

Without foreign trade many of the things we buy would cost more or not be available

Goods and services sold to other countries are called

The difference between a country's total exports and total imports is called

If a country exports more than it imports it has a

If a country imports more than it exports it has a

The difference between the amount of money that comes into a country and the amount of money that goes out of a country is called

What is the term for a tax placed on goods imported from other countries?

Which of the following best describes a trade surplus?

A nation's transportation, communication and utility systems

Allows goods and services to be exchanged across borders without tariffs and restrictions

Restrictions to free trade

A limit placed by the government on the amount of an item that can be imported or exported.

A tax that a government places on certain imported goods

When the government stops the import or export of a product completely.

Doing business in other countries requires knowledge of what factors (mark all that apply)

Which would not be an example of geography?

True or False

Waterways are just like big water slides that businesses send packages down.

What are not examples of cultural influences? (Choose all that apply)

What were 3 factors of economic development?

True or False

All countries have the same freedoms the U.S. has with business.

Which type of trade barriers involve the government?

This trade barrier can be used to keep supply low so prices stay at a certain level.

This trade barrier can lower the demand for a product and reduce the quantity of that imported product.

This trade barrier can sometimes be used to shield infant industries.

An increased cost due to this trade barrier may cause you to buy a U.S. product at a cheaper price.

This trade barrier may be used to protect a country's own industries from international competition.

This trade barrier may be used to express disapproval of the actions or policies of another country.

True or False

Infrastructure is a significant factor that affects the economic development of a country.

Religion is an element of the ________ component of the international business environment

Which one is a Multinational company?

Which is a joint venture?

When dealing with a MNC, the parent company is usually in the:

A company is planning to sell the rights to its brand name for use in other countries. This is an example of a

The international organization that settles trade disagreements and enforces free-trade agreements is the

A strategy that uses the same product and marketing strategy worldwide would be a

If you are school shopping and you see notebooks with Disney characters, MLB teams, and Bluey on them, this would be an example of what?

Whattaburger, Wendys, Sonic, KFC, Taco Bell and McDonalds are all examples of what?

Which is an International Trade Organization? (Choose all that apply)

Which trade organization was created to help provide loans for rebuilding after WW II

Choose all the other goals of the WTO