Question 1

In order to effectively secure foreign exchange, what is most likely to be used by countries experiencing severe shortages of foreign exchange?

Accepted Answer

A)  privatization 
B)  government approval 
C)  spot pricing 
D)  voluntary export restriction 
E)  monopoly 
A)  privatization 
B)  government approval 
C)  spot pricing 
D)  voluntary export restriction 
E)  monopoly

Question 2

________ is/are a nontariff barrier that was specifically designed to prevent foreign producers from using predatory pricing to take control of U.S. markets.

Accepted Answer

A)  Quotas 
B)  Embargoes 
C)  Blocked currency 
D)  Antidumping laws 
E)  Exchange permits 
A)  Quotas 
B)  Embargoes 
C)  Blocked currency 
D)  Antidumping laws 
E)  Exchange permits

Question 3

In the context of monetary barriers, blockage is ideally accomplished when

Accepted Answer

A)  a country refuses to allow an importer to exchange its national currency for the country's currency. 
B)  two countries enter into a voluntary agreement to determine the value of their currencies. 
C)  a country applies a specific unit or dollar limit to a particular type of good. 
D)  money dealers limit the rate at which foreign currencies are exchanged. 
E)  the government of a country imposes a mandatory tax on goods entering at its borders. 
A)  a country refuses to allow an importer to exchange its national currency for the country's currency. 
B)  two countries enter into a voluntary agreement to determine the value of their currencies. 
C)  a country applies a specific unit or dollar limit to a particular type of good. 
D)  money dealers limit the rate at which foreign currencies are exchanged. 
E)  the government of a country imposes a mandatory tax on goods entering at its borders.

Question 4

One advantage of the Omnibus Trade and Competitiveness Act is a more flexible process to obtain export licenses.

Accepted Answer

A) True 
 B)False

Question 5

The International Monetary Fund was created before World War II to help individual states regain economic profitability.

Accepted Answer

A) True 
 B)False

Question 6

Which account in the balance-of-payments statement is a record of direct investment, portfolio investment, and short-term movement of cash and technology to and from countries?

Accepted Answer

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

Question 7

Several nations that have become frustrated with the slow progress of the most recent round of WTO trade negotiations are

Accepted Answer

A)  negotiating bilateral trade agreements. 
B)  forming a rival organization. 
C)  refusing to accept all the rules and regulations imposed by the WTO. 
D)  using legal means to sue the WTO. 
E)  opting out of membership in the WTO. 
A)  negotiating bilateral trade agreements. 
B)  forming a rival organization. 
C)  refusing to accept all the rules and regulations imposed by the WTO. 
D)  using legal means to sue the WTO. 
E)  opting out of membership in the WTO.

Question 8

Which statement accurately explains the status of protests against global financial institutions?

Accepted Answer

A)  Organized protests against global financial institutions have been catching the attention of the world since the establishment of the IMF in 1945. 
B)  The sole focus of the anticapitalist protestors has been the environmental impact of globalization and the need for stability. 
C)  The "antisweatshop" campaigns by students in America have translated into changes in policy. 
D)  The entire gamut of anticapitalist protests have been weak and ineffectual in the face of the tremendous power of global financial institutions. 
E)  The protests against global financial institutions have been organized yet nonviolent as a rule. 
A)  Organized protests against global financial institutions have been catching the attention of the world since the establishment of the IMF in 1945. 
B)  The sole focus of the anticapitalist protestors has been the environmental impact of globalization and the need for stability. 
C)  The "antisweatshop" campaigns by students in America have translated into changes in policy. 
D)  The entire gamut of anticapitalist protests have been weak and ineffectual in the face of the tremendous power of global financial institutions. 
E)  The protests against global financial institutions have been organized yet nonviolent as a rule.

Question 9

Exporting countries primarily agree to voluntary export restraints (VERs) to

Accepted Answer

A)  minimize exposure in the importing country. 
B)  reduce market competitiveness. 
C)  avoid stiffer quotas being set by the importing country. 
D)  take over local industries of the importing country. 
E)  avoid criminal prosecution. 
A)  minimize exposure in the importing country. 
B)  reduce market competitiveness. 
C)  avoid stiffer quotas being set by the importing country. 
D)  take over local industries of the importing country. 
E)  avoid criminal prosecution.

In order to effectively secure foreign exchange, what is most likely to be used by countries experiencing severe shortages of foreign exchange?

________ is/are a nontariff barrier that was specifically designed to prevent foreign producers from using predatory pricing to take control of U.S. markets.

In the context of monetary barriers, blockage is ideally accomplished when

One advantage of the Omnibus Trade and Competitiveness Act is a more flexible process to obtain export licenses.

The International Monetary Fund was created before World War II to help individual states regain economic profitability.

Which account in the balance-of-payments statement is a record of direct investment, portfolio investment, and short-term movement of cash and technology to and from countries?

Several nations that have become frustrated with the slow progress of the most recent round of WTO trade negotiations are

Which statement accurately explains the status of protests against global financial institutions?

Exporting countries primarily agree to voluntary export restraints (VERs) to

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

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The Asia Pacific Region

Global Marketing Management: Planning and Organization

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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

In order to effectively secure foreign exchange, what is most likely to be used by countries experiencing severe shortages of foreign exchange?

________ is/are a nontariff barrier that was specifically designed to prevent foreign producers from using predatory pricing to take control of U.S. markets.

In the context of monetary barriers, blockage is ideally accomplished when

One advantage of the Omnibus Trade and Competitiveness Act is a more flexible process to obtain export licenses.

The International Monetary Fund was created before World War II to help individual states regain economic profitability.

Which account in the balance-of-payments statement is a record of direct investment, portfolio investment, and short-term movement of cash and technology to and from countries?

Several nations that have become frustrated with the slow progress of the most recent round of WTO trade negotiations are

Which statement accurately explains the status of protests against global financial institutions?

Exporting countries primarily agree to voluntary export restraints (VERs) to

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