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5 Written questions

5 Matching questions

  1. multinational corporation
  2. foreign direct investment
  3. tariff
  4. licensing
  5. free trade
  1. a the movements of goods and services among nations without political or economic barriers
  2. b the buying of permanent property and businesses in foreign nations
  3. c an organization that manufactures and markets products in many different countries and has multinational stock ownership and multinational management
  4. d a global strategy in which a firm [ the licensor ] allows a foreign company to produce its product in exchange for fee [a royalty]
  5. e a tax imposed on imports

5 Multiple choice questions

  1. the value of one nations currency relative to the currencies of other countries
  2. the total value of nations exports compared to its imports measured over a particular period
  3. the advantage that exists when a country has a monopoly on producing or is able to produce it more efficiently than all other countries
  4. agreement that created a free-trade area among the united states, canada and mexico
  5. an unfavorable balance of trade; occurs when the value of a country's imports exceeds that of exports

5 True/False questions

  1. devaluationlowering the value of a nations currency relative to other currencies

          

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

          

  3. balance of paymentthe total value of nations exports compared to its imports measured over a particular period

          

  4. counter-tradingthe movements of goods and services among nations without political or economic barriers

          

  5. embargoa complete ban on the import or export of a certain product or stopping all trade with a particular country

          

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