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International Trade
Foreign Direct Investment
Economics
Foreign Exchange
Gold & Money
100
This term best represents a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country, or what they can produce and sell to another country
What is free trade
100
This occurs whenever a U.S. citizen, organization, or affiliated group takes an interest of 10 percent or more in a foreign business entity
What is foreign direct investment
100
The movement toward regional economic integration been most successful here
What is Europe
100

Enables organizations to conduct international trade without having to resort to barter

What is the Foreign Exchange Market

100
Many of the world's developing nations peg their currencies to this currency
What is the US Dollar
200
This theory asserts that countries should simultaneously encourage exports and discourage imports
What is mercantilism
200
This involves establishment of a new operation in a foreign country
What is greenfield investment
200
Defined as a group of countries committed to removing all barriers to the free flow of goods and services between each other, but pursuing independent external trade policies
What is a free trade area
200
This occurs when two parties agree to exchange currency and execute the deal at some specific date in the future
What is a forward exchange
200
This is the amount of currency needed to purchase one ounce of gold
What is gold par value
300
This suggests that trade is a positive-sum game in which all participating countries fetch economic gains
What is comparative advantage
300
Governments impose quotas to limit this
What is importing
300

The signing of this treaty established the European Economic Community in 1957.

What is the Treaty of Rome

300
This is used to move out of one currency and into another for a limited period without incurring foreign exchange risk.
What is a currency swap
300
All countries were to fix the value of their currency in terms of gold but were not required to exchange their currencies for gold, according to this 1944 agreement
What is the Brettton Woods Agreement
400
This is the economic and strategic advantages that accrue to early entrants in an industry
What is first-mover advantage
400
The interdependence between firms in an oligopoly leads to this
What is imitative behavior
400
The European Economic Community became the European Union in 1993 following the ratification of this treaty
What is Maastricht Treaty
400
This states that different countries must sell for the same price when their price is expressed in terms of the same currency
What is the law of one price
400
In January 1976, this agreement revised the International Monetary Fund's Articles of Agreement to reflect the new reality of floating exchange rates
What is the Jamaica Agreement
500
According to the Heckscher-Ohlin theory, the pattern of international trade is determined by differences here.
What are factor endowments
500
This concept helps explain how location factors affect the direction of FDI
What is eclectic paradigm
500
This group is considered to be the ultimate controlling authority within the European Union
What is the European Council
500
This is the relationship in countries where inflation is expected to be high, interest rates also will be high, because investors want compensation for the decline in the value of their money.
What is the Fisher effect
500
The objective of establishing this group was to promote general economic development.
What is the World Bank