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- 1. Fill in the Blank
_______ _______ states that a country should sell to other countries those products that it produces most effectively and efficiently and should buy from other countries those products that it cannot produce as effectively or efficiently.
- 2. Fill in the Blank
_______ _______ is the advantage that exists when a country is able to produce a specific product more efficiently than all other countries
- 3. Fill in the Blank
A nation’s_______________ ______ _______________is the difference in value between its exports and imports.
- 4. Fill in the Blank
What was the last year that the balance of trade was a positive number for the United States?
- 5. Fill in the Blank
This country left the European Union in January, 2020?
- 6. Fill in the Blank
An __________is a tax levied by a nation on goods imported into the country
- 7. Fill in the Blank
An ________prohibits trade in a particular product.
- 8. Fill in the Blank
President Obama reestablish diplomatic and trade relations with (this country) _______ ending the embargo the U.S. had with them since 1962?
- 9. Fill in the Blank
Pepsi expanded into China, using the slogan, "Pepsi brings you back to life." The phrase translated to “Pepsi brings your ancestors back from the grave.” This is an example of a _______ barrier.
- 10. Fill in the Blank
This trade agreement _______ has been a source of controversy since it was first enacted
- 11. Fill in the Blank
The ________was established in 1947 to promote trade among member nations by eliminating trade barriers and fostering financial cooperation.
- 12. Fill in the Blank
The company that makes Haagen Dazs ice cream is headquartered in this country....
- 13. Fill in the Blank
The company that makes Bic pens is headquartered in this country...
- 14. Fill in the Blank
The Company that makes Toll House chocolate chip cookies is headquartered in this country....
- 15. Fill in the Blank
Holiday Inn Hotels parent company - InterContinental Hotel Group is headquartered in this country...
- 16. Fill in the Blank
The company that makes Godiva Chocolate is headquartered in this country...
- 17. Fill in the Blank
The world’s second-largest athletic gear maker - Adidas - decided to close its footwear factories in Ansbach, Germany, and suburban Atlanta, Georgia, and move their high-tech "speedfactory" located in this Asian country _______, where it will invest in automated production technology for footwear.
- 18. Fill in the Blank
The U.S. _______ a much lower percentage of its products than other countries.
- 19. Fill in the Blank
This strategy for reaching global markets is the least risky...
- 20. Fill in the Blank
A _______ _______ involves a foreign country's production of private label goods to which a domestic company then attaches its brand name or trademark (examples are Apple, Dell, Nike)
- 21. Fill in the Blank
Pepsi expanded into China, using the slogan, "Pepsi brings you back to life." The phrase translated to “Pepsi brings your ancestors back from the grave.” This is an example of a _______ barrier.
- 22. Open Ended
If the United States were to impose additional tariffs on cars imported from Japan, what would happen to the price of Japanese cars sold in the United States? What would happen to the price of American cars?
- 23. Open Ended
What are the effects of a strong dollar for the United States?
- 24. Open Ended
What are the effects of a relatively weak dollar for the United States?
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