global industry, trade, supply and demand test
which of the following accurately defines a tariff
A special tax placed on foreign goods sold in the US
Which of the following accurately defines embargo
A method used to stop the shipment of certain products to or from particular countries
if an investor purchases a few shares of McDonald's stock, but gains no direct involvement with the company, which kind of investment are they portraying
portfolio investment
which of the following factors influence exchange rate
an active war
increasing product supply leads to which of the following situations
an outward shift of the supply curve
which of the following is true about the demand curve
as the price rises, the goods demand decreases
which of the following is true about the supply curve
as the supply quantity rises, so does the price
which term is used to describe the comparison of the amount of foreign currency taken into a country versus the amount of domestic currency paid out
balance of payments
which of the following terms describes the cost of producing an additional unit of a good
marginal cost
how has technology affected international job market
occupations made obsolete by technology
free trade is not enacted by which of the following groups
peta
which of the following is not a level of economic integration
political democracy
The ability to speak to her more languages is which of the following terms
bilingualism
toothbrushes and toothpaste are examples of which of the following
complementary goods
indirect exporting is not utilized through which of the following channels
contributors
which of the following is an effect of the control and regulation of global businesses
controlled markets
which of the following is the amount of a product a consumer is willing and able to purchase at given prices
demand
when Mexico and the United States agreed to reduce and eliminate trade barriers, the countries demonstrated which of the following terms
economic integration
which of the following measures the responsiveness of consumers to changes in price
elasticity of demand
about how much of the total federal budget does foreign aid account for
1%
when was the world trade organization established
1995
which of the following accurately defines quota
A fixed limit on the amount of import or export of a product
which one of the following countries is not a member of the free trade agreement
Brazil
The ability to compete and participate in the global market is which of the following terms
Global linkage
which of the following attributes is a future employer not looking for in an international employee
Inflexibility
Which of the following was not included in the six original members of the European community
Ireland
which of the following to specialization not improve
Worker satisfaction
The general agreement on tariffs and trade was created after the end of which American involved war
World War II
foreign officials are protected from bribery to obtain a business by which of the following laws
foreign corrupt practices act
which of the following is not a way money moves from one country to another
foreign policy development
which of the following is not an entry strategy when initiating global business
indirect investment
which of the following is not true of studying abroad
local job opportunities become nonexistent
when a company transports funds, goods or information outside their production process, they are carrying out which of the following functions
logistics
Entering into global business in the US includes which of the following advantages
reduced dependence on US markets
Which of the following is not included in the economic rights of global copyright
right of integrity
which of the following describes the amount of a good producers are able and willing to sell at various prices during a certain period
supply
which of the following is not an influence of the global job market
supply and demand
which of the following is the formula for determining a country's balance of trade
total exports - total imports
how is profit calculated
total revenue minus costs
Which of the following relies the most on the health of the economy
trade industries