1.
ICO
What is the term used for the total value of a country's exports minus the total value of its imports of goods and services in a given period?
2.
ICO
Which of the following is a risk associated with international trade that arises from fluctuations in exchange rates between currencies?
3.
ICO
What does FOB stand for in international trade?
4.
ICO
What is the term used for a market entry strategy where a domestic company sells its products through intermediaries in a foreign market?
5.
ICO
Which of the following is an example of a trade promotion tool used to facilitate the movement of goods across borders?
6.
ICO
Which of the following is an example of a non-tariff barrier to trade?
7.
ICO
What is the term used for a document issued by the seller to the buyer that confirms the details of a transaction, including the products, quantities, and prices?
8.
ICO
What is the term used for the practice of outsourcing business processes to a neighboring country with lower costs and shorter distances?
9.
ICO
Which of the following is a measure of the average level of prices for goods and services in an economy over a specified period?
10.
ICO
Which of the following is an example of a regional trade agreement in South America?