Matching

Matching:  Please use table at the bottom to match the following numbers to the letter.  

1.       A theory of trade whose main emphasis was that it was in a country's best interest to export more than it imported.

2.       The so-called "Uruguay Round" is associated with this group of agreements  


3.       The US government enacted this tariff in 1930 aimed at protecting domestic industries and diverting demand away from foreign products  

4.       When two parties agree to exchange currency and execute the deal immediately, the transaction is referred to as one of these.  

5.       One of these occurs when two parties agree to exchange currency and execute a deal at some specific date in the future.  

6.       A tariff levied as a proportion of the value of an imported good.

7.       A document serving as a receipt, title document, and even a contract, it is issued to an exporter by a common carrier transporting merchandise.

8.       The absence of barriers to the free flow of goods and services between countries.

9.       The rate at which one country's currency is converted into another.

10.   The role of this was to avoid a repetition of the competitive devaluations of the 1930s and to control price inflation by imposing monetary discipline on countries.

11.    The process of identifying distinct groups of consumers whose purchasing behavior differs from others in important ways.  


12.   When a country's production of a particular good or product is more efficient than any other country producing that good.  

13.   A theory that countries should specialize in the production of goods and services that they can produce more efficiently.

Please put your answers for each of the 13 items in the Statement column of the Matching Key shown below.

In other words, if the match to Statement 1 were R then that entry would be 1 = R

Matching Key

Statement International Business Term
1  = A. Strategic Alliance
2  = B.  Spot Rate
3  = C.  Bill of Lading
4  = D.  Absolute Advantage
5  = E.  IMF
6  = F.  Smoot-Hawley Tariff
7  = G.  Ad Valorem Tariff
8  = H.  Mercantilism
9  = I.  Comparative Advantage
10  = J.  Forward Exchange Rate
11  = K.  GATT
12  = L.  Free Trade
13  = M.  WTO
N.  Exchange Rate
O.  Market Segmentation