.chapter3.
| Description: | International Business Basics |
| Category: | Marketing |
| Created by: | schreiner on 2009-09-10 |
| Question | Answer |
| What are itens bought from other countries? | imports |
| What is the difference between a country's total exports and total imports? | balance of trade |
| What is the difference between the amount of money that comes into a country and the amount that goes out of it? | balance of payments |
| What is the value of a currency in one country compared with the value in another? | exchange rate |
| What is the cost of using someone else's money? | interest rates |
| What refers to a nation's transportation, communication, and utility systems? | infrastructure |
| What are restrictions to free trade? | trade barriers |
| What is a limit set on the quantity of a product that may be imported or exported within a given period? | quota |
| What is a tax that a government places on certain imported products? | tariff |
| What is the stop of exports or imports of a product completely? | embargo |
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