Question 1

The lowering of a foreign producer's price as a result of an imposed import tax is known as an optimum tariff.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is a problem with the infant-industry argument for protection?

Accepted Answer

A)  Most developed countries increasingly have a larger portion of retirees than youth. 
B)  Consumer groups become very active in protesting the higher prices that result during infancy. 
C)  Other countries retaliate by limiting exports of technology needed by the infant industry producers. 
D)  If the industry does not lower costs sufficiently to be competitive, it becomes a formidable pressure group for continued protection. 
A)  Most developed countries increasingly have a larger portion of retirees than youth. 
B)  Consumer groups become very active in protesting the higher prices that result during infancy. 
C)  Other countries retaliate by limiting exports of technology needed by the infant industry producers. 
D)  If the industry does not lower costs sufficiently to be competitive, it becomes a formidable pressure group for continued protection.

Question 3

In most cases,which type of government protection assistance is most controversial?

Accepted Answer

A)  business development services 
B)  foreign business contacts 
C)  trade expositions 
D)  tariffs 
A)  business development services 
B)  foreign business contacts 
C)  trade expositions 
D)  tariffs

Question 4

An import license is ________.

Accepted Answer

A)  an agreement whereby one country gives another country permission to use a patent that a company has registered there 
B)  a requirement that exporters take merchandise in lieu of money as payment for their sales 
C)  a requirement that permission be secured from governmental authorities before importation can be undertaken 
D)  a government prohibition of imports from a specific country 
A)  an agreement whereby one country gives another country permission to use a patent that a company has registered there 
B)  a requirement that exporters take merchandise in lieu of money as payment for their sales 
C)  a requirement that permission be secured from governmental authorities before importation can be undertaken 
D)  a government prohibition of imports from a specific country

Question 5

Unlike the infant-industry argument,the industrialization argument for trade protection ________.

Accepted Answer

A)  requires independence from other countries 
B)  stresses labor-intensive production methods despite high costs 
C)  emphasizes use of locally available raw materials for manufacturing inputs 
D)  presumes that economic growth will occur even if domestic manufactured prices are not globally competitive 
A)  requires independence from other countries 
B)  stresses labor-intensive production methods despite high costs 
C)  emphasizes use of locally available raw materials for manufacturing inputs 
D)  presumes that economic growth will occur even if domestic manufactured prices are not globally competitive

Question 6

Managers should understand the effect of trade protectionism because ________.

Accepted Answer

A)  trade protectionism may limit the number of people permitted to practice a specific profession 
B)  trade protectionism requires the payment of high insurance rates to transport goods internationally 
C)  trade protectionism may prevent companies' enactment of merger and acquisition agreements 
D)  trade protectionism may make it difficult for a company to buy what it needs from foreign suppliers 
A)  trade protectionism may limit the number of people permitted to practice a specific profession 
B)  trade protectionism requires the payment of high insurance rates to transport goods internationally 
C)  trade protectionism may prevent companies' enactment of merger and acquisition agreements 
D)  trade protectionism may make it difficult for a company to buy what it needs from foreign suppliers

Question 7

Describe and compare the different types of tariffs (duties).

Accepted Answer

A tariff,or duty,the most common type of

The lowering of a foreign producer's price as a result of an imposed import tax is known as an optimum tariff.

Which of the following is a problem with the infant-industry argument for protection?

In most cases,which type of government protection assistance is most controversial?

An import license is ________.

Unlike the infant-industry argument,the industrialization argument for trade protection ________.

Managers should understand the effect of trade protectionism because ________.

Describe and compare the different types of tariffs (duties).

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor Mobility Theory

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting Issues

The Multinational Finance Function

International Human Resources

Filters

Exam 7: Governmental Influence on Trade

The lowering of a foreign producer's price as a result of an imposed import tax is known as an optimum tariff.

Which of the following is a problem with the infant-industry argument for protection?

In most cases,which type of government protection assistance is most controversial?

An import license is ________.

Unlike the infant-industry argument,the industrialization argument for trade protection ________.

Managers should understand the effect of trade protectionism because ________.

Describe and compare the different types of tariffs (duties).

Globalization and International Business

The Cultural Environments Facing Business

The Political and Legal Environments Facing Business

The Economic Environments Facing Businesses

Globalization and Society

International Trade and Factor Mobility Theory

Cross-National Cooperation and Agreements

Global Foreign-Exchange Markets

The Determination of Exchange Rates

The Strategy of International Business

Country Evaluation and Selection

Export and Import

Direct Investment and Collaborative Strategies

The Organization of International Business

Marketing Globally

Global Manufacturing and Supply Chain Management

International Accounting Issues

The Multinational Finance Function

International Human Resources

Filters