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5 Written questions

5 Matching questions

  1. quotas
  2. tariffs
  3. trade surplus
  4. balance of payments surplus
  5. foreign licensing
  1. a involoves a domestic firm granting a foreign firm the rights to produce and market it products or to use its trademark/ patents rights in a defined geographical area
  2. b overage that occurs when the total value of a nations exports is higher than the total value of its imports
  3. c taxes levied against imports
  4. d more money flows into country than out
  5. e limitations on the amount of specific products that may be imported from certain countries during a given time period

5 Multiple choice questions

  1. a basic measure of the difference between a nations exports and imports, including both goods and services
  2. a measure of the total flow of money into or out of a country
  3. contracting with foreign suppliers to produce products, usually at a fraction of the cost of domestic production
  4. shortfall that occurs when the total value of a nations imports is higher than the total value of its exports
  5. a specialized type of foreign licensing in which a firm expands by offering businesses in other countries the right to produce and market its products according to specific operating requirement ( a complete package of how to do business)

5 True/False questions

  1. protectionismnational policies designed to restrict international trade, usually with the goal of protecting domestic business

          

  2. infrastructureinvolve two or more companies joining forces- sharing resources, risks, and profits, but not merging companies

          

  3. exportingproducing products domestically and selling them abroad

          

  4. sociocultural differencedifference among countries/cultures in language, attitudes, and values

          

  5. joint venturesinvolve two or more companies joining forces- sharing resources, risks, and profits, but not merging companies