Question 1

_____ and the World Bank Group are two global institutions created primarily to assist nations in becoming and remaining economically viable.

Accepted Answer

A)  The United Nations 
B)  The World Court 
C)  The International Monetary Fund 
D)  The International Red Cross 
E)  The League of Nations 
A)  The United Nations 
B)  The World Court 
C)  The International Monetary Fund 
D)  The International Red Cross 
E)  The League of Nations

Question 2

In general, tariffs restrict:

Accepted Answer

A)  inflationary pressures. 
B)  special interests' privileges. 
C)  government control in economic matters. 
D)  the number of reciprocal tariffs. 
E)  manufacturers' supply sources. 
A)  inflationary pressures. 
B)  special interests' privileges. 
C)  government control in economic matters. 
D)  the number of reciprocal tariffs. 
E)  manufacturers' supply sources.

Question 3

Which of the following sections of the balance-of-payments statement is a record of the 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 4

Which of the following strategies was employed by the US to regain its lost market share for capital goods by the late 1990s?

Accepted Answer

A)  Funding the Communist nations. 
B)  Restructuring its industries to be more lean and mean. 
C)  Providing financial assistance to the under-developed countries. 
D)  Raising average U.S. tariffs on more than 20,000 imported goods. 
E)  Outsourcing its production activities to other countries. 
A)  Funding the Communist nations. 
B)  Restructuring its industries to be more lean and mean. 
C)  Providing financial assistance to the under-developed countries. 
D)  Raising average U.S. tariffs on more than 20,000 imported goods. 
E)  Outsourcing its production activities to other countries.

Question 5

Which of the following types of nontariff barriers strictly falls under the category of specific limitations on trade?

Accepted Answer

A)  Import credit discriminations 
B)  Export subsidies 
C)  Voluntary export restraints 
D)  Embargoes 
E)  Packaging, labeling, or marking standards 
A)  Import credit discriminations 
B)  Export subsidies 
C)  Voluntary export restraints 
D)  Embargoes 
E)  Packaging, labeling, or marking standards

Question 6

The system of accounts that records a nation's international financial transactions is most accurately called its:

Accepted Answer

A)  supply chain management system. 
B)  gross domestic product system. 
C)  net domestic product payments. 
D)  balance of payments. 
E)  net national product systems. 
A)  supply chain management system. 
B)  gross domestic product system. 
C)  net domestic product payments. 
D)  balance of payments. 
E)  net national product systems.

Question 7

What was the most apparent reciprocal impact of the foreign economic assistance given by the United States?

Accepted Answer

A)  European countries formed an alliance to counter the OPEC countries' clout 
B)  European countries formed an alliance to counter the OPEC countries' clout. 
C)  All recipient countries appointed Americans to manage their central banks. 
D)  Purchases of U.S. agricultural products, manufactured goods, and services by the recipient countries increased. 
E)  Distribution of economic power and potential became more uneven. 
A)  European countries formed an alliance to counter the OPEC countries' clout 
B)  European countries formed an alliance to counter the OPEC countries' clout. 
C)  All recipient countries appointed Americans to manage their central banks. 
D)  Purchases of U.S. agricultural products, manufactured goods, and services by the recipient countries increased. 
E)  Distribution of economic power and potential became more uneven.

Question 8

Post World War II, it was noticed that there was worldwide economic growth and countries once classified as less developed were reclassified as _____.

Accepted Answer

A)  capitalist countries 
B)  free trade economies 
C)  tier-II countries 
D)  developed countries 
E)  newly industrialized countries 
A)  capitalist countries 
B)  free trade economies 
C)  tier-II countries 
D)  developed countries 
E)  newly industrialized countries

Question 9

The exchange permit can stipulate:

Accepted Answer

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

Question 10

Which of the following is the most popular way to circumvent WTO guidelines and impose new duties?

Accepted Answer

A)  Antidumping duties 
B)  Boycotts 
C)  Orderly market agreements 
D)  Voluntary export restraints 
E)  Embargoes 
A)  Antidumping duties 
B)  Boycotts 
C)  Orderly market agreements 
D)  Voluntary export restraints 
E)  Embargoes

_____ and the World Bank Group are two global institutions created primarily to assist nations in becoming and remaining economically viable.

In general, tariffs restrict:

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

Which of the following strategies was employed by the US to regain its lost market share for capital goods by the late 1990s?

Which of the following types of nontariff barriers strictly falls under the category of specific limitations on trade?

The system of accounts that records a nation's international financial transactions is most accurately called its:

What was the most apparent reciprocal impact of the foreign economic assistance given by the United States?

Post World War II, it was noticed that there was worldwide economic growth and countries once classified as less developed were reclassified as _____.

The exchange permit can stipulate:

Which of the following is the most popular way to circumvent WTO guidelines and impose new duties?

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

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

Negotiating With International Customers, Partners, and Regulators

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Exam 2: The Dynamic Environment of International Trade

_____ and the World Bank Group are two global institutions created primarily to assist nations in becoming and remaining economically viable.

In general, tariffs restrict:

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

Which of the following strategies was employed by the US to regain its lost market share for capital goods by the late 1990s?

Which of the following types of nontariff barriers strictly falls under the category of specific limitations on trade?

The system of accounts that records a nation's international financial transactions is most accurately called its:

What was the most apparent reciprocal impact of the foreign economic assistance given by the United States?

Post World War II, it was noticed that there was worldwide economic growth and countries once classified as less developed were reclassified as _____.

The exchange permit can stipulate:

Which of the following is the most popular way to circumvent WTO guidelines and impose new duties?

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

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

Negotiating With International Customers, Partners, and Regulators

Filters