Exam 1: The International Business Imperative

How would one describe the trade relationship between the Roman and Chinese empires?

Following the economic downturn that began in 2007,it was expected that in terms of economic growth,_________ countries would bear the brunt of the decline.

International business has forged a network of __________ around the world that bind all countries,institutions,and individuals together.

The British Empire grew mainly through its effective:

Carla Smith was a young girl in 1930,and she remembers when the United States passed a bill that raised import duties. Although the act was passed in the hope that it would restore domestic employment,Carla remembers that it only made things worse at the onset of the Great Depression. Carla remembers the:

__________ refers to the two relatively peaceful centuries in the Roman Empire.

The primary types of international business are export-import trade and __________.

Which of the following is considered a primary type of international business?

International business facilitates the mobility of all of the following factors of production EXCEPT:

Despite the sharp volume reductions of the economic downturn that began in 2007,developed countries such as Japan,Germany,and the United States are projected for continued growth.

_________ is the ratio of primary commodities to manufactured goods in a country's trade.

International business has forged a network of global links around the world that binds all countries,institutions,and individuals.

________ causes the flow of ideas,services,and capital across the world.

__________ is not only good in the international trade picture,but a key factor in increasing employment.

The Smoot-Hawley Act lowered import duties to establish more favorable trade relations with other countries in the wake of the Great Depression.

What is the name of the act that raised import duties in 1930 to reduce the volume of goods coming into the United States?

International business combines the __________ and __________ of business.

In the United States,the export share has increased while the import share has decreased.

The _______ level is the level of business concerns that affect an individual firm or industry.

________ is the establishment or expansion of operations of a firm in a foreign country.