Domestic business refers to business activities needed for creating, shipping, and selling goods across national borders.

Without foreign trade, many things you buy would cost more or not be available.

If a country exports more than it imports, it has a trade surplus

The value of currency in one country compared with the value in another is called the interest rate.

An economy that is largely involved in agriculture is generally unable to provide its citizens with a large number of high-quality products.

A country's culture, traditions, and religion can sometimes act as informal trade barriers.

Multinational companies sometimes control a country's political power.

One goal of the World Trade Organization is to eliminate import quotas.

Which of the following situations represent an absolute advantage?

Which of the following is NOT imported to the US in any great quantity?

The amount a country owes to other countries is called

Which of the following would likely cause the value of the dollar to RISE?

Danielle's company is expanding into Korea and has asked her to research the language, customs, and values of the Korean people. Which aspect of the international biz environment is she investigating?

Infrastructure refers to a country's

Which of the following tends to discourage international trade?

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