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International Business

International Business. Post Assessment Review. Terminology. A tax on imports International trade Tariff Quotas Embargo Global economy Free trade. Restrictions on the quantity of a good that can enter a country International trade Tariff Quotas Embargo Global economy Free trade.

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International Business

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  1. International Business Post Assessment Review

  2. Terminology • A tax on imports • International trade • Tariff • Quotas • Embargo • Global economy • Free trade

  3. Restrictions on the quantity of a good that can enter a country • International trade • Tariff • Quotas • Embargo • Global economy • Free trade

  4. A total ban on the import of a good from a particular country • International trade • Tariff • Quotas • Embargo • Global economy • Free trade

  5. A region where trade restrictions are reduced or eliminated. • International trade • Tariff • Quotas • Embargo • Global economy • Free trade area

  6. An economy in which companies compete all over the world • International trade • Tariff • Quotas • Embargo • Global economy • Free trade

  7. The exchange of goods and services by different countries • International trade • Tariff • Quotas • Embargo • Global economy • Free trade

  8. What does NAFTA stand for? • North American Free Trade Agreement

  9. What was the purpose of NAFTA? • To allow free trade with limited or no restrictions between the United States, Mexico, and Canada.

  10. Absolute Advantage • The idea that individuals, companies, and countries should specialize in what they do best • One country producing more than another country with the same input

  11. Comparative Advantage • The idea that individuals, companies, and countries should specialize in what they do best • One country producing more than another country with the same input

  12. The largest exporter in the world is • The United States • IBM • Japan • China

  13. Sales made over the World Wide Web • Internet dollars • Web sales • E-commerce • Internet exports

  14. An agreement to sell another company’s products abroad • Export agreement • Licensing agreement • International trade agreement • Import agreement

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