Question 1

What is the major reason behind the failure of American MNCs to completely dominate the European markets as predicted by Servan-Schreiber?

Accepted Answer

A)  The resurgence of competition for U.S. businesses from all over the world 
B)  The elimination of import taxes in the European countries 
C)  The restructuring of U.S industries 
D)  The decadence of communism 
E)  The dissolution of colonial powers 
A)  The resurgence of competition for U.S. businesses from all over the world 
B)  The elimination of import taxes in the European countries 
C)  The restructuring of U.S industries 
D)  The decadence of communism 
E)  The dissolution of colonial powers

Question 2

Describe how the General Agreement on Trade in Services (GATS) helped the United States reduce barriers to international trade in services.

Accepted Answer

An important objective of the United Sta

Question 3

It is mandatory for importers who want to buy a foreign good from a foreign country to apply for a business permit in that country.

Accepted Answer

A) True 
 B)False

Question 4

The United States has placed a limit on the tons of sugar that can be imported into the country. This is an example of a tariff.

Accepted Answer

A) True 
 B)False

Question 5

An exchange permit can stipulate the

Accepted Answer

A)  quantity of goods that can be exchanged for a particular sum of foreign currency. 
B)  number of parties that can be involved in an exchange transaction. 
C)  amount to be exchanged that must be deposited in a local bank for a set period. 
D)  quality standards of the goods involved in an exchange. 
E)  number of times one party can avail exchange permits. 
A)  quantity of goods that can be exchanged for a particular sum of foreign currency. 
B)  number of parties that can be involved in an exchange transaction. 
C)  amount to be exchanged that must be deposited in a local bank for a set period. 
D)  quality standards of the goods involved in an exchange. 
E)  number of times one party can avail exchange permits.

Question 6

After World War II, the United States set out to infuse the ideal of capitalism throughout as much of the world as possible. As a result, most of the noncommunist economies in the world

Accepted Answer

A)  stagnated. 
B)  grew significantly. 
C)  failed. 
D)  quickly matched the U.S. economy. 
E)  faced high inflation rates. 
A)  stagnated. 
B)  grew significantly. 
C)  failed. 
D)  quickly matched the U.S. economy. 
E)  faced high inflation rates.

Question 7

The decisions taken by the World Trade Organization in solving trade disputes among members are binding ones.

Accepted Answer

A) True 
 B)False

Question 8

How did GATT prevent the repeat of the economic disaster that occurred after World War I?

Accepted Answer

A)  It provided short-term loans to struggling nations. 
B)  It promoted dumping policies to allow stronger ties between member nations. 
C)  It fostered isolationism for nations that were market leaders. 
D)  It provided for a third party, the United Nations, to negotiate peace treaties. 
E)  It provided a forum for member countries to negotiate a reduction of tariffs and other barriers to trade. 
A)  It provided short-term loans to struggling nations. 
B)  It promoted dumping policies to allow stronger ties between member nations. 
C)  It fostered isolationism for nations that were market leaders. 
D)  It provided for a third party, the United Nations, to negotiate peace treaties. 
E)  It provided a forum for member countries to negotiate a reduction of tariffs and other barriers to trade.

Question 9

What legislative decision was designed to primarily deal with trade deficits, protectionism, and the overall fairness of U.S. trading partners?

Accepted Answer

A)  the Neutrality Pact of 1941 
B)  the Omnibus Trade and Competitiveness Act of 1988 
C)  the League of Nations Act of 1920 
D)  the Hawley-Smoot Tariff Act of 1930 
E)  the International Monetary Fund and Bank Act of 1945 
A)  the Neutrality Pact of 1941 
B)  the Omnibus Trade and Competitiveness Act of 1988 
C)  the League of Nations Act of 1920 
D)  the Hawley-Smoot Tariff Act of 1930 
E)  the International Monetary Fund and Bank Act of 1945

Question 10

The Omnibus Trade and Competitiveness Act of 1988 focuses on assisting businesses to be more competitive in world markets, but does not get involved in trade practices.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following falls on the plus side of the U.S. balance of payments?

Accepted Answer

A)  payments to the United States for insurance 
B)  the costs of goods imported 
C)  spending by American tourists overseas 
D)  new overseas investments 
E)  the cost of foreign military 
A)  payments to the United States for insurance 
B)  the costs of goods imported 
C)  spending by American tourists overseas 
D)  new overseas investments 
E)  the cost of foreign military

Question 12

The GATT panels were formed to resolve bilateral trade disputes and have both advisory and enforcement powers.

Accepted Answer

A) True 
 B)False

Question 13

Why was the International Monetary Fund (IMF) formed? How does the IMF deal with universally floating rates?

Accepted Answer

Inadequate monetary reserves and unstabl

Question 14

When reviewing a balance-of-payments statement, you would check the reserves account to view exports and imports of gold.

Accepted Answer

A) True 
 B)False

Question 15

What does GATT use as the primary method to solve global trade problems?

Accepted Answer

A)  GATT works with government agencies of trade members. 
B)  GATT uses coercion. 
C)  GATT uses consultation. 
D)  GATT implements the legislative agenda of trade members. 
E)  GATT creates binding agreements between member nations. 
A)  GATT works with government agencies of trade members. 
B)  GATT uses coercion. 
C)  GATT uses consultation. 
D)  GATT implements the legislative agenda of trade members. 
E)  GATT creates binding agreements between member nations.

Question 16

The ________ account of the balance-of-payments statement is used to record all merchandise exports, imports, and services plus unilateral transfers of funds.

Accepted Answer

A)  current 
B)  capital 
C)  credit 
D)  receivables 
E)  reserves 
A)  current 
B)  capital 
C)  credit 
D)  receivables 
E)  reserves

Question 17

Which statement is true of tariffs?

Accepted Answer

A)  They strengthen balance-of-payments positions. 
B)  They strengthen supply-and-demand patterns. 
C)  They increase special interests' privileges. 
D)  They strengthen international relations. 
E)  They promote competition. 
A)  They strengthen balance-of-payments positions. 
B)  They strengthen supply-and-demand patterns. 
C)  They increase special interests' privileges. 
D)  They strengthen international relations. 
E)  They promote competition.

Question 18

In a balance-of-payments record, the current account is a record of direct investment, portfolio investment, and short-term capital movements to and from countries.

Accepted Answer

A) True 
 B)False

Question 19

What is one of the four ongoing activities that support the growth of international trade?

Accepted Answer

A)  Warsaw Pact 
B)  Kyoto Protocol 
C)  International Monetary Fund 
D)  World Summit on Sustainable Development 
E)  Treaty of Waitangi 
A)  Warsaw Pact 
B)  Kyoto Protocol 
C)  International Monetary Fund 
D)  World Summit on Sustainable Development 
E)  Treaty of Waitangi

Question 20

Which statement presents the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber's prediction?

Accepted Answer

A)  Third World countries have been excluded from this economic growth leading to stark imbalances in wealth. 
B)  The European Union has become the center of world trade, taking the position away from the United States. 
C)  The United States has continuously maintained the positive balance of trade it attained during the 1950s. 
D)  Economic power and potential has become more evenly distributed among the countries of the world. 
E)  SDRs and gold have lost their utility as the basic medium of financial exchange and most monetary statistics have started relating to the U.S. dollar. 
A)  Third World countries have been excluded from this economic growth leading to stark imbalances in wealth. 
B)  The European Union has become the center of world trade, taking the position away from the United States. 
C)  The United States has continuously maintained the positive balance of trade it attained during the 1950s. 
D)  Economic power and potential has become more evenly distributed among the countries of the world. 
E)  SDRs and gold have lost their utility as the basic medium of financial exchange and most monetary statistics have started relating to the U.S. dollar.

What is the major reason behind the failure of American MNCs to completely dominate the European markets as predicted by Servan-Schreiber?

Describe how the General Agreement on Trade in Services (GATS) helped the United States reduce barriers to international trade in services.

It is mandatory for importers who want to buy a foreign good from a foreign country to apply for a business permit in that country.

The United States has placed a limit on the tons of sugar that can be imported into the country. This is an example of a tariff.

An exchange permit can stipulate the

After World War II, the United States set out to infuse the ideal of capitalism throughout as much of the world as possible. As a result, most of the noncommunist economies in the world

The decisions taken by the World Trade Organization in solving trade disputes among members are binding ones.

How did GATT prevent the repeat of the economic disaster that occurred after World War I?

What legislative decision was designed to primarily deal with trade deficits, protectionism, and the overall fairness of U.S. trading partners?

The Omnibus Trade and Competitiveness Act of 1988 focuses on assisting businesses to be more competitive in world markets, but does not get involved in trade practices.

Which of the following falls on the plus side of the U.S. balance of payments?

The GATT panels were formed to resolve bilateral trade disputes and have both advisory and enforcement powers.

Why was the International Monetary Fund (IMF) formed? How does the IMF deal with universally floating rates?

When reviewing a balance-of-payments statement, you would check the reserves account to view exports and imports of gold.

What does GATT use as the primary method to solve global trade problems?

The ________ account of the balance-of-payments statement is used to record all merchandise exports, imports, and services plus unilateral transfers of funds.

Which statement is true of tariffs?

In a balance-of-payments record, the current account is a record of direct investment, portfolio investment, and short-term capital movements to and from countries.

What is one of the four ongoing activities that support the growth of international trade?

Which statement presents the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber's prediction?

The Scope and Challenge of International Marketing

History and Geography: the Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: a Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Economic Development and the Americas

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Inventive Negotiations With International Customers, Partners, and Regulators

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Exam 2: The Dynamic Environment of International Trade

What is the major reason behind the failure of American MNCs to completely dominate the European markets as predicted by Servan-Schreiber?

Describe how the General Agreement on Trade in Services (GATS) helped the United States reduce barriers to international trade in services.

It is mandatory for importers who want to buy a foreign good from a foreign country to apply for a business permit in that country.

The United States has placed a limit on the tons of sugar that can be imported into the country. This is an example of a tariff.

An exchange permit can stipulate the

After World War II, the United States set out to infuse the ideal of capitalism throughout as much of the world as possible. As a result, most of the noncommunist economies in the world

The decisions taken by the World Trade Organization in solving trade disputes among members are binding ones.

How did GATT prevent the repeat of the economic disaster that occurred after World War I?

What legislative decision was designed to primarily deal with trade deficits, protectionism, and the overall fairness of U.S. trading partners?

The Omnibus Trade and Competitiveness Act of 1988 focuses on assisting businesses to be more competitive in world markets, but does not get involved in trade practices.

Which of the following falls on the plus side of the U.S. balance of payments?

The GATT panels were formed to resolve bilateral trade disputes and have both advisory and enforcement powers.

Why was the International Monetary Fund (IMF) formed? How does the IMF deal with universally floating rates?

When reviewing a balance-of-payments statement, you would check the reserves account to view exports and imports of gold.

What does GATT use as the primary method to solve global trade problems?

The ________ account of the balance-of-payments statement is used to record all merchandise exports, imports, and services plus unilateral transfers of funds.

Which statement is true of tariffs?

In a balance-of-payments record, the current account is a record of direct investment, portfolio investment, and short-term capital movements to and from countries.

What is one of the four ongoing activities that support the growth of international trade?

Which statement presents the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber's prediction?

The Scope and Challenge of International Marketing

History and Geography: the Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: a Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Economic Development and the Americas

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Inventive Negotiations With International Customers, Partners, and Regulators

Filters