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2.1.3 Business and globalisation - Match-up

Match-up definitions and answers with key terms and examples. Press submit to check your answers.

Globalisation
Imports
Exports
Multinationals
Tariffs
Trade Blocs


Answers
The process by which the world is becoming increasingly interconnected as a result of increased trade and cultural exchange
Goods and services produced in one country and sold abroad
Goods or services bought from abroad
Groups of countries that promote trade among members by reducing or eliminating trade barriers
Companies that own or control production in more than one country
Taxes imposed on imports to restrict the flow of foreign goods into a country
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