Unit 2 Globalization Review for Final
Quiz by Lisa Haugk
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33 questions
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- Q1Shared customs, practices, beliefs, and social behavior of a particular group or nationCulture30s
- Q2Buying and selling of goods and services across national borders.International trade30s
- Q3All business activity involved in making, buying, and selling product within a nation's borders.Domestic business30s
- Q4Goods and services that are produced in one country and sold in another.Exports30s
- Q5Goods and services brought into a country from outside their borders.Imports30s
- Q6Countries depend upon each other to fill the wants and needs of their population.Global dependency30s
- Q7Difference between a nation's money out and money in. Includes real estate, stock market, imports and exports, and tourism.Balance of payment30s
- Q8When money coming in is more than money going out.Positive balance of payments30s
- Q9When money out is more than money coming in.Negative balance of payments30s
- Q10Cost to convert one currency to another.Foreign exchange rate30s
- Q11any action a government takes to limit importsTrade barrier30s
- Q12Prohibits trade with a specific country.Embargo30s
- Q13An embargo that only affects certain goods.Trade sanctions30s
- Q14Tax on imported goods and servicesTariff30s
- Q15limit on the amount of a product imported into a country for a specific time period.Quota30s