Free Printable International Business

Worksheets

International Business

Total questions: 72

Worksheet time: 36mins

Name

Class

Date

Define Imports.

Imports are goods and services brought into a country from abroad for sale.

Imports are goods and services sent out of a country for sale.

Imports are taxes imposed on goods produced within the country.

Imports are investments made by foreign companies in the local market.

Define Exports.

Exports are goods and services produced in one country and sold to buyers in another country.

Exports are goods and services produced in one country and consumed within the same country.

Exports are goods and services bought from other countries.

Exports are goods and services produced in one country and given away for free to other countries.

Define Balance of trade.

Balance of trade is the difference in value between a country's imports and exports over a certain period.

Balance of trade is the total amount of money a country spends on its military.

Balance of trade is the number of goods produced within a country in a year.

Balance of trade is the difference between a country's population and its workforce.

Define Balance of payments.

Balance of payments is a record of all economic transactions between the residents of a country and the rest of the world.

Balance of payments is a record of all government transactions within a country.

Balance of payments is a record of all financial transactions between banks in a country.

Balance of payments is a record of all trade transactions between states in a country.

Define Exchange rates.

Exchange rates are the value of one currency for the purpose of conversion to another.

Exchange rates are the interest rates charged by banks for loans.

Exchange rates are the prices of goods in a foreign market.

Exchange rates are the amount of tax levied on international trade.

Define Infrastructure.

Infrastructure refers to the basic physical and organizational structures and facilities needed for the operation of a society or enterprise.

Infrastructure refers to the study of ancient civilizations and their cultural practices.

Infrastructure is a term used for financial investments in the stock market.

Infrastructure means the process of creating software applications for mobile devices.

Define Trade barriers.

Trade barriers are government-imposed restrictions on the free international exchange of goods or services.

Trade barriers are agreements that promote free trade between countries.

Trade barriers are taxes imposed on domestic goods only.

Trade barriers are policies that encourage unlimited imports without any regulation.

Define Quota.

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a particular time period.

A quota is a tax imposed on imported goods to increase their price.

A quota is a subsidy given to domestic producers to encourage production.

A quota is a free trade agreement between two countries allowing unlimited imports and exports.

Define Tariff.

A tariff is a tax imposed by a government on goods and services imported from other countries.

A tariff is a subsidy given to local businesses by the government.

A tariff is a type of insurance for exported goods.

A tariff is a permit required for international travel.

10.

Define Foreign Exchange Rates.

Foreign exchange rates are the rates at which one currency can be exchanged for another.

Foreign exchange rates are the rates at which goods are exchanged between countries.

Foreign exchange rates are the rates at which stocks are traded in the market.

Foreign exchange rates are the rates at which interest is paid on foreign deposits.

11.

Define Embargo.

An embargo is an official ban on trade or other commercial activity with a particular country.

An embargo is a type of currency used in international trade.

An embargo is a diplomatic agreement between two countries to share resources.

An embargo is a tax imposed on imported goods.

12.

Define Multinational corporations (MNC).

Multinational corporations (MNC) are companies that operate in more than one country.

Multinational corporations (MNC) are companies that only operate in their home country.

Multinational corporations (MNC) are companies that are owned by the government.

Multinational corporations (MNC) are companies that do not engage in international trade.

13.

Define Joint Venture.

A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

A joint venture is a type of insurance policy for business owners.

A joint venture is a government regulation for international trade.

A joint venture is a method of calculating company profits.

14.

Define Licensing.

Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment.

Licensing is a process of buying raw materials from another company.

Licensing is a method of hiring employees from other companies.

Licensing is a way to merge two companies into one.

15.

Define Franchising.

Franchising is a method of distributing goods or services involving a franchisor, who establishes the brand's trademark or trade name, and a franchisee, who pays a royalty and often an initial fee to do business under the franchisor's name and system.

Franchising is a process where a company merges with another to expand its market share.

Franchising is a method of government regulation over private businesses.

Franchising is a way for individuals to invest in stocks and bonds through a financial institution.

16.

Define World Trade Organization.

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.

The World Trade Organization (WTO) is a global financial institution that provides loans to developing countries.

The World Trade Organization (WTO) is an international organization that promotes environmental protection.

The World Trade Organization (WTO) is a United Nations agency responsible for humanitarian aid.

17.

Define International Monetary Fund.

The International Monetary Fund (IMF) is an international organization that aims to promote global economic growth and financial stability, encourage international trade, and reduce poverty.

The International Monetary Fund (IMF) is a global bank that provides personal loans to individuals.

The International Monetary Fund (IMF) is an organization that manages international sports events.

The International Monetary Fund (IMF) is a charity focused on wildlife conservation.

18.

Define World Bank.

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.

The World Bank is a global organization that manages international trade agreements.

The World Bank is a financial institution that only serves private corporations.

The World Bank is a non-profit organization focused on environmental conservation.

19.

Define Comparative Advantage.

Comparative advantage is the ability of a country to produce a good or service at a lower opportunity cost than another country.

Comparative advantage is the ability of a country to produce more of a good or service than another country using the same resources.

Comparative advantage is the ability of a country to produce a good or service at a lower absolute cost than another country.

Comparative advantage is the ability of a country to consume more goods and services than another country.

20.

Define Absolute Advantage.

Absolute advantage is the ability of a country, individual, company, or region to produce a good or service more efficiently than another entity.

Absolute advantage is the ability to consume more goods and services than another entity.

Absolute advantage is the ability to produce a good or service at a lower opportunity cost than another entity.

Absolute advantage is the ability to trade goods and services without any restrictions.

21.