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5 Written questions

5 Matching questions

  1. free trade
  2. foreign direct investment
  3. devaluation
  4. importing
  5. common market
  1. a the buying of permanent property and businesses in foreign nations
  2. b a 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. c the movements of goods and services among nations without political or economic barriers
  4. d lowering the value of a nations currency relative to other currencies
  5. e buying products from another country

5 Multiple choice questions

  1. the international organization that replaced the General Agreement on Tariffs and Trade, and was assigned the duty to mediate trade disputes among nations
  2. a 1948 agreement that established an international forum for negotiating mutual reductions in trade restrictions
  3. a partnership in which two or more companies [ often from different countries ] join to undertake a major project
  4. the advantage that exists when a country has a monopoly on producing or is able to produce it more efficiently than all other countries
  5. a long-term partnership between two or more companies established to help each company build competitive market advantages

5 True/False questions

  1. exchange ratethe movements of goods and services among nations without political or economic barriers


  2. central american free trade agreement [CAFTA]created a free-trade zone with central american nations; costa rica, dominican republic, el salvador, guatemala, honduras and nicaragua


  3. balance of paymentthe difference between money coming into a country from exports and money leaving the country from imports, plus money flows from other factors such as tourism, foreign aid, military expenditures, and foreign investment


  4. import quotabuying products from another country


  5. licensingselling products to another country


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