2. Choose a category. Click to begin. You will be given the answer. You must give the correct question.

3. Click here for Final Jeopardy

4. Row 2Row 4Row 5 10 Point 20 Points 30 Points 40 Points 50 Points 10 Point 20 Points 30 Points 40 Points 50 Points 30 Points 40 Points 50 Points Row 3Row 1

5. The increasing integration and interdependence of national economies around the world

6. What is Economic globalization?

7. The sum of all payments one nation receives from other nations minus the sum of all payments it makes to other nations, over some specified period of time..

8. What is Balance of Payments?

9. Agreement to product and market another company’s product in exchange for a royalty or fee

10. What is Licensing?

11. Selling and shipping goods or services to another country

12. What is Exporting?

13. Assigning a wide range of generalized attributes, which are often superficial or even false, to an individual based on his or her membership in a particular culture or social group

14. What is Stereotyping?

15. International trade unencumbered by restrictive measures

16. What is Free Trade?

17. An unfavorable trade balance created when a country imports more than it exports

18. What is Trade Deficit ?

19. A favorable trade balance created when a country exports more than it imports

20. What is Trade Surplus ?

21. Taxes levied on imports

22. What are Tariffs?

23. Organizations of nations that remove barriers to trade among their members and that establish uniform barriers to trade with nonmember nations

24. What are Trading Blocs ?

25. A hybrid approach that attempts to reap the benefits of international scale while being responsive to local market dynamics

26. What is Transnational Strategy ?

27. A rate at which the money of one country is traded for the money of another

28. What is Exchange Rate?

29. Charging less than the actual cost or less than the home- country price for goods sold in other countries

30. What is Dumping?

31. Savings from buying parts and materials, manufacturing, or marketing in large quantities

32. What is Economies of Scale?

33. A total ban on trade with particular nation (a sanction) or of a particular product

34. What is Embargo?

35. A highly centralized approach to international expansion, with headquarter in the home country making all major decisions

36. What is Global Strategy?

37. Investment of money by foreign companies in domestic business enterprises

38. What is Foreign Direct Investment (FDI) ?

39. Limits places on the quantity of imports a nation will allow for a specific product

40. What is Import Quotas?

41. Purchasing goods or services from another country and bringing them into one’s own country

42. What is Importing ?

43. Total value of the products a nation exports minus the total value of the products it imports, over some period of time

44. What is Balance of Trade?

45. Government policies aimed at shielding a country’s industries from foreign competition.

46. What is Protectionism?

47. A form of financial assistance in which producers receive enough money from the government to allow them to lower their prices in order to compete more effectively in the global market

48. What is Export Subsidies?

49. A shared system of symbols, beliefs, attitudes, values, expectations, and norms for behavior

50. What is Culture?

51. Companies with operations in more than one country

52. What are Multinational Corporations (MNCs)?

53. A decentralized approach to international expansion in which a company creates highly independent operating units in each new country.

54. What is Multidomestic Strategy?

55. Make your wager

56. Judging all other groups according to the standards, behaviors, and customs of one’s own group

57. What is Ethnocentrism?