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1. How has the development of transportation and telecommunications affected world trade?
A
Increas
B
Decrease
C
Unchanged
2. What are some reasons why countries engage in international trade?
A
Quality
B
Resources
C
Economy
3. How do multinational corporations contribute to the global economy?
A
Employment
B
Trade
C
Growth
4. What is the difference between domestic trade and world trade?
A
Participants
B
Scales
C
Location
5. The exchange of goods and services between nations refers to?
A
International Trade
B
Trade deficit
C
Free trade
6. A company that does business in many countries and has facilities and offices around the world is?
A
Comparative Advantage
B
Multinational Corporation
C
Trade Deficit
7. Currency is synonym of?
A
Popularity
B
Often
C
Money
8. Practice of the government to put limits on foreign trade to protect business at home refers to?
A
Tariff
B
Protectionism
C
Embargo