Business quiz
What is an import?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is an export?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is balance of trade?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is a multinational corporation?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is protectionism?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is an exchange rate?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is a tariff?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is a quota?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is an embargo?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
What is free trade?
A system that develops domestic industries and protect them from, foreign competition through duties or quotas put on importations
Has facilities in more than one country
A government-imposed trade restriction that limits the amount of goods that can be imported.
The value of one currency for the purpose of conversion to another
A tax put on imported goods.
The difference in value between a country’s imports and exports
items that are shipped to other countries
An official ban on commercial activity with a certain country.
International trade without restrictions.
items that come in from a different country
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