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Political Systems
Political Relations in Business
Trade Barries
Taxes
100
The political system the USA uses.
What is Democracy?
100
a designated area, where products can be imported duty free. The importer pays duty when the product leaves this zone.
What is a Free Trade Zone
100
What is another word for DUTY?
What is a Tariff
100
If you buy food from Burger King you pay this.
What is Sales Tax?
200
The government of a nation that is ruled by one poltical party.
What is Totalitarism?
200
Allows a country to export into the granting country under the lowest customs duty rate
What is Most Favored Nation Status
200
An absolute restriction on the import of certain products form certain countries
What is a Boycott?
200
Tax assessed on imported products
What is Customs duty
300
Ruled by a King and Queen
What is Monarchy?
300
Member countries agree to eliminate duties and trade barriers on products traded among members
What is Free trade agreement?
300
Limit on the quantity of a product that can be imported form a particular country
What is a Quota?
300
A tax levied on the sale of alcohol.
What is Excise tax?
400
Government ran by laws based on religious ideas.
What is Theocracy?
400
Countries join together; eliminate duties and other trade barriers.
What is Common market
400
Occurs when a government takes control and ownership of foreign owned assets and companies
What is Expropriation?
400
Taxes taken out of your paycheck.
What is Payroll taxes
500
Government ruled by rich and educated people.
What is Arstocracy?
500
NAFTA
What is an free trade agreement between North America?
500
A government policy of protecting local or domestic industries from foreign competition
What is Protectionism
500
Tax assessed on the increase in value of goods from each stage of production.
What is Value Added Tax (VAT)?