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5 Written questions

5 Matching questions

  1. trade deficit
  2. exchange rate
  3. general agreement on tariffs and trade [GATT]
  4. expropriation
  5. central american free trade agreement [CAFTA]
  1. a created a free-trade zone with central american nations; costa rica, dominican republic, el salvador, guatemala, honduras and nicaragua
  2. b the value of one nations currency relative to the currencies of other countries
  3. c should relations with a host country faulter; the firms assets could be taken by the foreign government in which its invested
  4. d an unfavorable balance of trade; occurs when the value of a country's imports exceeds that of exports
  5. e a 1948 agreement that established an international forum for negotiating mutual reductions in trade restrictions

5 Multiple choice questions

  1. buying products from another country
  2. the total value of nations exports compared to its imports measured over a particular period
  3. theory that states that a country should sell to other countries those products that it produces most effectively and efficiently, and buy from other countries those products that it cannot produce as effectively or efficiently
  4. the international organization that replaced the General Agreement on Tariffs and Trade, and was assigned the duty to mediate trade disputes among nations
  5. the use of government regulations to limit the import of goods and services

5 True/False questions

  1. devaluationselling products in a foreign country at lower prices than those charged in the producing country


  2. common marketa regional group of countries that have a common external tariff, no internal tariffs, and a coordination of laws to facilitate exchange; also called a trading bloc. ex. is the european union


  3. embargoa tax imposed on imports


  4. joint venturea global strategy in which a firm [ the licensor ] allows a foreign company to produce its product in exchange for fee [a royalty]


  5. multinational corporationan organization that manufactures and markets products in many different countries and has multinational stock ownership and multinational management


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