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7 Matching questions
1. Define Multinational Corporation A. The close cultural ties, "common cultural language", which
lead to strong economic trade ties
2. Define Distance
B. Most trade are in manufactured goods, while historically
agricultural and mineral product makes up most of the trade.
3. Define Geography
5. Define Cultural Affinity D. The multiple different corporation that the nations import
and export between their division
6. Define Service Outsourcing( Or Offshoring)
E. When a firm that provides services
7. Define Borders moves its operations to a foreign location. However it is not a
significant part of trade
A. What is the largest developing country and rapidly growing force in World Trade?
C. What did large fraction volume trade came from in the past?
D. Why does U.S. trade more with European countries than other?
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 1/3
1/10/2019 Test: Chapter 2: World Trade, An Overview | Quizlet
3. Larger economies produce more goods and service, generate more income so they are able to buy more important. Among
that, trading between any two countries is larger than one.
A. What are few impediments to trade besides the size matter for trade?
D. Why does U.S. trade more with European countries than other?
Ex) Netherlands & Belgium have transport cost advantage due to their location compare to European Countries
D. What did large fraction volume trade came from in the past?
A. What did large fraction volume trade came from in the past?
C. Why does U.S. trade more with European countries than other?
6 True/False questions
1. It is the start of a fraction in world trade GDP to achieve unprecedented heights. It grew rapidly from 1870-1913 but suffered a
sharp decline in Great Depression → Why is "World Trade" special?
True
False
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 2/3
1/10/2019 Test: Chapter 2: World Trade, An Overview | Quizlet
2. Free trade agreement between Mexico & Canada, which is called North America Free Trade Agreement (NAFTA) → What did
U.S. signed in 1994?
True
False
3. The volume of trade that is directly related to GDP of each partners, and inversely relates it to the distance between
them. → What can the Gravity Model do?
True
False
4. A factor is such as wars, because it can change trade patterns much more innovation in transportation and communication
True
False
1) Distance. 2) Cultural Affinity. 3) Geography. 4) Multinational Corporation. 5) Border → Why do they have "Trade Agreement"
between countries?
True
False
6. The Political factors have influence trade more in history → What 1 thing influence and increase trade?
True
False
https://quizlet.com/189364072/test?answerTermSides=2&promptTermSides=6&questionCount=20&questionTypes=14&showImages=true 3/3