Domestic businesses 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.

With a free-grade zone, member countries agree to remove duties and trade barriers on products traded among them.

Multinational companies sometimes control a country's political power.

Franchising is selling the right to use a trademark or brand name for a fee or royalty

One goal of the World Trade organization is to eliminate import quotas

Which of the following situations represents an absolute advantage?

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

The amount a country owes to other countries is called

With 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 business environment is Danielle investigating?

Infrastructure refers to a country's

Which of the following tends to discourage international trade

Which of the following is an example of a global strategy?

An agreement between two or more companies to share a business project is called

This group helps maintain an orderly system of world exchange rates.

Items bought from other countries are:

A tax that a government places on certain imported products

Occurs when a country sells more than it buys

A limit on the quantity of a product that may be imported or exported

Exists when a country can produce a good or service at a lower cost than other countries

The cost of using someone else's money

Completely prohibiting the export or import of a product

Items sold to other countries

Exists when a country specializes in the production of a good or service at which it is relatively more efficient

Occurs when a country buys more than it sells