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5 Written questions

5 Matching questions

  1. joint venture
  2. trade protectionism
  3. world trade organization [WTO]
  4. central american free trade agreement [CAFTA]
  5. strategic alliance
  1. a the international organization that replaced the General Agreement on Tariffs and Trade, and was assigned the duty to mediate trade disputes among nations
  2. b the use of government regulations to limit the import of goods and services
  3. c created a free-trade zone with central american nations; costa rica, dominican republic, el salvador, guatemala, honduras and nicaragua
  4. d a partnership in which two or more companies [ often from different countries ] join to undertake a major project
  5. e a long-term partnership between two or more companies established to help each company build competitive market advantages

5 Multiple choice questions

  1. a complex form of bartering in which several countries may be involved, each trading goods for goods or services for services
  2. buying products from another country
  3. 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
  4. the buying of permanent property and businesses in foreign nations
  5. a 1948 agreement that established an international forum for negotiating mutual reductions in trade restrictions

5 True/False questions

  1. dumpingbuying products from another country

          

  2. import quotabuying products from another country

          

  3. licensingselling products to another country

          

  4. exportingselling products to another country

          

  5. absolute advantagea partnership in which two or more companies [ often from different countries ] join to undertake a major project