Vocab 3-1
Vocab 3-2
Vocab 3-3
Misc.
Misc.
100
Define imports
What is Imports are items bought from other countries
100
Define trade barriers
What is restrictions to free trade
100
Define Joint Venture.
What is an agreement between two or more companies to share a business project
100
Why was the World Bank created?
What is to provide loans after rebuilding from World War II.
100
Where is a free trade zone usually located?
What is a airport or seaport.
200
Define exports
What is Exports are good and services sold to other countries
200
Define quota
What is a set limit of a product that may be imported or exported with in a given period
200
Define Franchising
What is the right to use a company name or business in a specific way.
200
How many members belong to the World Bank?
What is over 180
200
How does geography effect trade?
What is it can effect what a nation needs to import from other nations and what they can afford to export.
300
Define Balance of Trade
What is Balance of Trade is the difference between a country's total imports and total exports
300
Define Tariff
What is a tax that a government places on certain imported products.
300
Define Licensing
What is selling the right to use some intangible property for a fee or free royalty
300
What are some examples of franchises?
What is Burger Kings, KFC, and Pizza Hut.
300
Which country does the USA import the most product from?
What is the European Union.
400
Define balance of payments
What is the difference between the amount of money that comes into a country and the amount that goes out.
400
Define Embargo
What is When the government stops completely the export or import of a certain product.
400
What does the World Trade Organization do?
What is settles disputes and enforces free trade agreements between its members.
400
What is another name for a common market?
What is an Economic Community
400
True or False. Infrastructure is a significant factor that affects the economic developments of a country.
What is False
500
Define exchange rate
What is the value of a currency in one country compared with the value in another.
500
define a Free Trade Agreement
What is when member countries agree to remove duties and trade barriers between the members.
500
Define International Monetary Fund
What is helps promote economic cooperation between over 150 members.
500
What does LAIA stand for?
What is the Latin American Integration Association
500
When a trade imports exceeds its imports, this is a trade...
What is Deficit.
M
e
n
u