International Trade and Economic Globalization

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22 Questions

What is a trade surplus?

What is the purpose of protectionism in international trade?

What does a quota refer to in international trade?

What are export subsidies in international trade?

Which organization promotes trade among member nations in the Asia-Pacific region?

What is the term for selling the rights to use an entire business system, including name and processes, to a company in another country?

Which organizational strategy for international expansion focuses on creating highly independent operating units in each new country?

What is a shared system of symbols, beliefs, attitudes, values, and norms of behavior called?

What is the term for buying an established company or launching a new company in another country?

Which form of international business activity involves buying and selling goods and services across national borders?

What is the term for the complete ban of a specific product in international trade?

What does a trade deficit indicate in the context of international trade?

What is the term for policies aimed at shielding a country's industries from foreign competition?

In international trade, what is the measure of the difference between a country's exports and imports during a specific period?

Which organization primarily focuses on promoting trade among member nations worldwide?

What is the term for forming a long-term business partnership with a local company in a new market?

What does the term 'transnational strategy' in international expansion aim to achieve?

What is the term for selling the rights to use an entire business system, including name and internal processes, to a company in another country?

What presents challenges in the global business environment due to different laws, preferences, and ethical standards?

What is the term for buying an established company or launching a new company in another country?

Which trading bloc consists of 28 countries and may implement the EURO as its currency?

What is the primary function of the International Monetary Fund (IMF) in international trade?

Description

This quiz covers the fundamental aspects of international trade, including its impact on economic globalization, reasons for nations to trade, and how trade is measured through balance of trade and balance of payments.

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