Activities for most domestic businesses occur within a country's borders.

Without foreign/global trade& products and services would cost less because our country could produce everything.

A nation with a trade surplus is said to have a favorable trade position

When a country has a favorable balance of payments, the value of its currency is usually constant or rising.

A joint venture is an agreement between two or more countries to remove duties and trade barriers on products traded among them.

A franchise is a right to use a company name or business process in a specific way.

The exchange rate is the value of a currency in one country compared with the value in another.

A multinational company is an organization that does business within its country only.

The making, buying and selling of foods and services within a country is called

Goods and services sold to other countries are called

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

Which of the following scenarios is likely to cause the values of a country's currency to rise

The tax that a government places on certain imported products is called an

A limit that a government places on the quantity of a product that may be exported or imported during a given period is called a

Which is NOT a goal of the World Trade Organization?

The three factors that affect a country's currency rates are

This international trade organization was created in 1944 to provide loans for rebuilding after World War II

Foreign ________________ is the amount a country owes to other countries

Which of the following is NOT related to a countries culture

_____________________is the cost of using someone else's money

What is it called when a nation imports MORE than it exports

What exist when a country can produce a good or service at a lower cost than another country

A nation's infrastructure refers to all of the following EXCEPT

What are items brought from other countries called