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Quiz by Rebecca Forrester

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38 questions
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  • Q1
    Exchange of goods and services among nations.
    International Trade
    30s
  • Q2
    Goods and services purchased from other countries
    Imports
    30s
  • Q3
    Goods and services sold to other countries
    Exports
    30s
  • Q4
    The difference in balance between exports and imports.
    Balance of Trade
    30s
  • Q5
    Commercial exchange between nations that is conducted on free market principles without regulations
    Free Trade
    30s
  • Q6
    A tax on imports
    Tariff
    30s
  • Q7
    Limits the quantity or the monetary value of a product that may be imported.
    Quota
    30s
  • Q8
    Total ban on specific goods coming into and leaving a country.
    Embargo
    30s
  • Q9
    A government's establishment of economic policies that systematically restrict imports in order to protect domestic industries
    Protectionism
    30s
  • Q10
    Global coalition of nations that makes the rules governing international trade.
    World Trade Organization
    30s
  • Q11
    Europe's trading bloc.
    European Union
    30s
  • Q12
    International trade agreement between the US, Canada, and Mexico
    North American Free Trade Agreement
    30s
  • Q13
    Letting another company, or license, use a trademark, patent, special formula, company name, or some other intellectual property for a fee or royalty.
    Licensing
    30s
  • Q14
    Involving hiring a foreign manufacturer to make products according to a company's specifications.
    Contract Manufacturing
    30s
  • Q15
    A business enterprise that a domestic company and a foreign company undertake together.
    Joint Venture
    30s

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