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