Exam 3: A: Exploring Global Business

Landing Service Landing Service is a lawn furniture company that has been around for many years. It is known for its ability to produce furniture more efficiently than any other company in the nation. In truth, no other companies in any other nation come close. Landing Service has shipped many of its products internationally. In fact, 80 percent of its profits come from international sales. However, the Italian government has imposed a tax on imported furniture items to protect local companies. The Brazilian government, on the other hand, has imposed taxes on Landing Service products due to the government wanting a piece of the pie. Landing Service initially thought that these taxes were unfair because it was being singled out. However, after Landing Service contacted the organization that had the power to mediate this situation, the furniture company realized that the taxation it was subjected to was legal and that there was nothing it could do about it. -Refer to Landing Service. What type of tax has the Brazilian government imposed on the company?

The payments portion of the balance of payments―that is, payments made by the United States―does not include

In 2011 U.S. exports as a percentage of GDP

Which of the following statements is true about NAFTA?

What is the Doha Round? What was the focus of this round of negotiations?

When an Indian importing firm wants to import U.S.-made products, it must first secure permission and dollars from the Reserve Bank of India. This type of restriction is known as a

If Germany exports $100,000 of sauerkraut to Jamaica and purchases $100,000 of Blue Mountain coffee beans from Jamaica, Germany has

The United States does not sell fighter jets, such as F-16s, to Libya. The rationale for this restriction is most likely to

Nordstrom sells designer suits made in Italy in its stores in the United States. Nordstrom is ____ suits.

Describe the world economic outlook for international trade.

What is meant by a multinational enterprise?

A small country is just beginning its international trade activities. In so doing, it wants to ____ and to develop a favorable balance of trade.

When a country exports more than it imports, it has a(n)

The primary objective of the World Trade Organization is to

Arguments for imposing trade restrictions include

A ____ is issued by the transport carrier to the exporter to prove merchandise has been shipped.

At present, the United States has an embargo against North Korea because

Arguments for the government imposing restrictions on foreign trade include

What is an economic community? Describe major international economic communities.

What is the euro? How many nations have adopted the new currency? Are there countries that have chosen not to participate?