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3-2
3-3
Misc
100
Items bought from another country
What are Imports?
100
Restrictions to free trade.
What are trade barriers?
100
An organization that does business in several countries.
What is a multinational company (MNC)?
100
Britain's form of currency.
What are pounds?
200
Goods and services sold to other countries
What are exports?
200
A limit on the quantity of a product that may be imported or exported within a given period.
What is quota?
200
The right to use a company name or business process in a specific way.
What is a franchise?
200
European Union currency.
What is the euro?
300
The difference between a country's total exports and total imports
What is balance of trade?
300
A tax that a government places on certain imported products.
What is a tariff?
300
An agreement between two or more companies to share a business project.
What is a joint venture?
300
WTO was created this year.
What is 1995?
400
The difference between the amount of money that comes into a country and the amount that goes out of it.
What is balance of payment?
400
When the government stops an export or import of a product completely.
What is an embargo?
400
Selling the right to use intangible property for a fee or royalty.
What is licensing?
500
When a countries imports exceed its exports.
What is trade deficit?
500
Religion is an element of the ______ component of the international business environment.
What is cultural?
500
The international organization that settles trade disagreements and enforces free-trade agreements.
What is The World Trade Organization (WTO)?
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