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5 Written questions

5 Matching questions

  1. common market
  2. devaluation
  3. strategic alliance
  4. ethnocentricity
  5. tariff
  1. a 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
  2. b lowering the value of a nations currency relative to other currencies
  3. c an attitude that one's own culture is superior to all others.
  4. d a long-term partnership between two or more companies established to help each company build competitive market advantages
  5. e a tax imposed on imports

5 Multiple choice questions

  1. an organization that manufactures and markets products in many different countries and has multinational stock ownership and multinational management
  2. selling products to another country
  3. the use of government regulations to limit the import of goods and services
  4. the 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
  5. a global strategy in which a firm [ the licensor ] allows a foreign company to produce its product in exchange for fee [a royalty]

5 True/False questions

  1. free tradea complete ban on the import or export of a certain product or stopping all trade with a particular country


  2. embargoa tax imposed on imports


  3. expropriationselling products to another country


  4. foreign direct investmenta company owned in a foreign country by another company [ called the parent company ]


  5. counter-tradinga complex form of bartering in which several countries may be involved, each trading goods for goods or services for services