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Foreign Trade Global
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Foreign Trade Global
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25 Questions

1. Some smaller ______ use a fixed ____ that ties their value to that of other major _________

2. Government confiscation of private or foreign owned goods w/o compensation

3. Group of countries that have agreed to reduce trade barriers among themselves - but lack a common tariff barrier for nonmembers

4. [ESSAY] Major challenges of developing nations: high _____ rates - increasing ____ expectancies - shortage of __________ resources - limited ________ & technology - ________ - large scale __________ - aftermath of ___ - external ____

5. Prohibition on the export or import of a product

6. Individual who favors fewer or even no trade restrictions

7. Free enterprise system w/ some government involvement

8. Trade law allowing a third country to enjoy the same tariff reductions the U.S. negotiates w/ another country

9. True flexibility ________ enable the modern modified ____ enterprise economy to better deal w/ the unforeseen events of the _______

10. Foreign ________ is the lifeblood of ____________ trade

11. Resource created from living & nonliving materials

12. International agency that administers trade agreements - settles trade disputes b/w governments - organizes trade negotiation - & provides technical assistance & training for developing countries

13. Other resources that are becoming more __________ due to the population ____ are _____ & ____

14. Carbon _______ are tradable ___________ that give the right to emit 1 ___ of carbon into the ____________

15. The ___ & the World ____ are the 2 major international ________ that help w/ ___________

16. Group of 10 Southeast Asian nations working to promote regional cooperation - economic growth - & trade

17. [FIB] Protectionists support trade barriers on the basis of:

18. [FIB] U.S. sources of energy: ______________ power - _______ - ______ power - ____ power - _______

19. Tax placed on an imported product

20. Successor of the European community established in 1993 by the Maastricht Treaty

21. Foreign currencies used by countries to conduct international trade

22. Deprived nations face the same ________ large nations encounter - just on a greater _____

23. The ____ was established in 1947 & evolved into the World _____ Organization which now tries to open nations up to _____ & settle ________

24. Mixture of 90% unleaded gasoline & 10% grain alcohol

25. If people & _______ specialize in the things they _______ relatively more efficiently - & if they engage in _____ to secure the things they do no produce then total world ______ will increase

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