Chat with AIExam 17: The World Marketplace: Business Without Borders
Which of the following is the most basic level of international market development that involves shipping domestically produced products overseas?
(31) 
VerifiedB
Explain how nations measure exports and imports in an effort to strengthen their economy.
(33) VerifiedThe balance of trade is a basic measure of the difference between a nation's exports and imports.If the total value of exports is higher than the total value of imports,the country has a trade surplus.If the total value of imports is higher than the total value of exports,the country has a trade deficit.
Balance of trade includes the value of both goods and services,and it incorporates trade with all foreign nations.While a trade deficit signals the wealth of an economy that can afford to buy huge amounts of foreign products,a large deficit can be destabilizing.It indicates,after all,that as goods and services flow into a nation,money flows out-a challenge with regard to long-term economic health.
Balance of payments is a measure of the total flow of money into or out of a country.The balance of trade plays a central role in determining the balance of payments.But the balance of payments also includes other financial flows such as foreign borrowing and lending,foreign aid payments and receipts,and foreign investments.
A balance of payments surplus means that more money flows in than out,while a balance of payments deficit means that more money flows out than in.The balance of payments typically corresponds to the balance of trade,since trade is the largest component.
Exchange rates measure the value of one nation's currency relative to the currency of other nations.While the exchange rate does not directly measure global commerce,it certainly has a powerful influence on how global trade impacts both individual nations and their trading partners.The exchange rate of a given currency must be expressed in terms of another currency.
Which statement best describes the conventional landline telephone networks in China and India?
(31) VerifiedB
Which of the following gives Canada an advantage over other nations?
(32) Which of the following is a benefit of global trade to producers?
(38) Balance of payments includes foreign borrowing and lending,foreign aid,and investments.
(36) According to the textbook,what are the key infrastructure challenges to consider when entering a foreign market?
(33) The International Monetary Fund (IMF)has been especially aggressive in recent years in its efforts to force poor nations to repay the money they owe on IMF loans.
(35) The balance of trade includes the value of services as well as the value of goods.
(45) A key advantage of exporting is that it allows firms to enter global markets while avoiding issues such as documentation requirements,content regulations,and shipping standards.
(29) Define trade surplus,trade deficit,and balance of payment surplus.Compare and contrast trade deficit and trade surplus to balance of payment deficit and balance of payment surplus,and explain the total impact on a stable economy.
(42) An attempt to build exporting opportunities abroad through better relationships with other countries is called protectionism.
(45) Which countries are participants in the North American Free Trade Agreement (NAFTA)?
(35) According to the textbook,what are the sociocultural differences to consider when entering a foreign market?
(36) In some cases,a firm will buy the rights to produce,promote,and use the domestic firm's trademark/patents in a defined geographical area with an agreement on specific operating procedures.What is this practice called?
(38) Foreign direct investment tends to be inexpensive,but it gives companies very little control of business operations in a foreign country.
(35) What economic differences can become barriers to international trade? How can these differences be addressed to avoid a negative impact on global business?
(31) The exchange rate measures the value of one nation's currency as it relates to the value of another nation's currency.
(35) 
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