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5 Written questions

5 Matching questions

  1. counter-trading
  2. free trade
  3. embargo
  4. balance of trade
  5. general agreement on tariffs and trade [GATT]
  1. a a 1948 agreement that established an international forum for negotiating mutual reductions in trade restrictions
  2. b the movements of goods and services among nations without political or economic barriers
  3. c the total value of nations exports compared to its imports measured over a particular period
  4. d a complex form of bartering in which several countries may be involved, each trading goods for goods or services for services
  5. e a complete ban on the import or export of a certain product or stopping all trade with a particular country

5 Multiple choice questions

  1. agreement that created a free-trade area among the united states, canada and mexico
  2. the use of government regulations to limit the import of goods and services
  3. a company owned in a foreign country by another company [ called the parent company ]
  4. buying products from another country
  5. a partnership in which two or more companies [ often from different countries ] join to undertake a major project

5 True/False questions

  1. expropriationselling products to another country

          

  2. exportingselling products to another country

          

  3. trade deficitthe use of government regulations to limit the import of goods and services

          

  4. devaluationshould relations with a host country faulter; the firms assets could be taken by the foreign government in which its invested

          

  5. central american free trade agreement [CAFTA]agreement that created a free-trade area among the united states, canada and mexico