UCF test 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| international trade, | show 🗑
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| show | the flow of people across borders as they move from one country to another
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| show | the flow of capital across borders when a firm owns a company in another country.
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| Trade openness | show 🗑
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| export | show 🗑
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| import | show 🗑
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| trade balance is: | show 🗑
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| show | Countries that export more than they import
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| show | countries that import more than they export
such as the United States
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| show | meaning the difference between exports and imports between two countries
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| value-added | show 🗑
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| show | (taxes on international trade)
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| trade is ______ because import tariffs are low | show 🗑
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| gross domestic product (GDP) | show 🗑
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| show | refers to all factors that influence the amount of goods and services shipped across international borders
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| show | a limitation on the quantity of an imported good allowed into a country
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| when a firm from one industrial country owns a company in another industrial country. We refer to these flows between industrial countries as | show 🗑
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| The other form of FDI occurs when a firm from an industrial country owns a plant in a developing country, which we call | show 🗑
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| standardized goods | show 🗑
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| Many industrialized countries place restrictions on immigration because policy makers fear: | show 🗑
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| show | import; export
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| show | take advantage of local expertise
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| The money spent by a Chinese visitor to New York adds to the US: | show 🗑
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| By far, most of the world foreign direct investment (FDI) stock is _____ FDI. | show 🗑
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| show | 30%; 12%
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