Show:
The Global Marketplace
The Global Marketplace
The Global Marketplace
The Global Marketplace
The Global Marketplace
100
What are goods and services that one country buys from another country.
Imports
100
What are goods and services one country sells to another country?
Exports
100
What is American Currency?
Dollar
100
What is the difference in value between a country's imports and exports?
Trade Balance
100
What is a company that does business in many countries and has facilities and offices around the world.
Multinational corporation
200
What is the ability of one country to produce a particular good more efficiently than another country or company.
Comparative Advantage
200
What is another name for money.
Currency
200
What is the price that which one currency can buy another currency.
Exchange Rate
200
What is the interconnected economies of the nations of the world?
Global Economy
200
What is the activity of buying and selling goods and services in domestic or international markets.
Trade
300
What is the exchange of goods and services between nations?
International Trade
300
What is it called to focus on a particular activity, area or product?
Specialization
300
What is it called - When a country exports more than it imports.
Trade Surplus
300
What is it called when a country imports more than it exports?
Trade Deficit.
300
What is the Canadian currency?
Dollar
400
What is the practice of the government putting limits on foreign trade to protect businesses at home?
Protectism
400
What is it called when there are few or no limits on trade between countries.
Free Trade
400
What is it to limit competition from other countries?
Trade Barriers
400
What is it when countries merge their economies into one huge market?
Trade Alliance
400
What is a trade alliance between Canada, US and Mexico
NAFTA
500
What is a trade alliance between Cambodia, Indonesia, Vietnam and Malaysia?
ASEAN
500
What is a trade alliance between Austria, Belgium, German, Ireland, and Italy?
European Union
500
What is a tax placed on imports?
Tariff
500
What is a limit placed on the quantities of product that can be imported?
Quota
500
What is ban on the import or export of a product?
Embargo