Match each term with the correct statement below.
a. global business
b. embargo
c. exchange rate
d. trading bloc
e. exchange controls
f. global market
g. trade surplus
h. trade deficit
1. Performance of business activities across national boundaries.
2. The entire world is considered to be a potential consumer of a firm’s products or services.
3. The rate at which one country’s currency can be exchanged for that of another country.
4. Restictions on the amount of a certain curency that can be bought or solpd in a nation.
5. An organization formed to facilitate the movement of products among member nations through the creation of common economic policies.
6. A total ban on specific imports and exports from and to a country.
7. An excess of trade that occurs when a country’s aggregate imports of goods and services from foreign countries are less than its aggregate esports.
8. When a country’s aggregate imports of goods and services from foreign countries exceed its aggegate exports.
1. A) global business
2. F) global market
3. C) exchange rate
4. E) exchange controls
5. D) trading bloc
6. B) embargo
7. G) trade surplus
8. H) trade deficit
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