Question 1

List the effects of imposing tariffs.

Accepted Answer

The following are the effects of imposin

Question 2

After World War II, the United States led efforts like the Marshall Plan to assist in rebuilding Europe, financial and industrial development assistance to rebuild Japan, and funds channeled to foster economic growth in the underdeveloped world. These efforts were primarily aimed at:

Accepted Answer

A)  halting the growth of Nazi Germany. 
B)  dampening the spread of communism. 
C)  dampening the spread of capitalism. 
D)  building a stronger defense force. 
E)  creating a worldwide trade bloc to counter the OPEC countries' clout. 
A)  halting the growth of Nazi Germany. 
B)  dampening the spread of communism. 
C)  dampening the spread of capitalism. 
D)  building a stronger defense force. 
E)  creating a worldwide trade bloc to counter the OPEC countries' clout.

Question 3

Which of the following statements is true of the General Agreement on Tariffs and Trade (GATT)?

Accepted Answer

A)  The United States, the United Kingdom, and Germany were the only signatories of the original GATT. 
B)  The original agreement provided a process to increase the tariffs on trade goods. 
C)  GATT member nations seek to resolve their trade disputes unilaterally. 
D)  The GATT panels have enforcement powers apart from advisory powers. 
E)  It created an agency to serve as watchdog over world trade. 
A)  The United States, the United Kingdom, and Germany were the only signatories of the original GATT. 
B)  The original agreement provided a process to increase the tariffs on trade goods. 
C)  GATT member nations seek to resolve their trade disputes unilaterally. 
D)  The GATT panels have enforcement powers apart from advisory powers. 
E)  It created an agency to serve as watchdog over world trade.

Question 4

It is harder to obtain export licenses for products on the export control list than for the products that are excluded from the export control list.

Accepted Answer

A) True 
 B)False

Question 5

The GATT panels were formed to resolve bilateral trade disputes and have both advisory and enforcement powers.

Accepted Answer

A) True 
 B)False

Question 6

Quotas strictly permit importing on a case-by-case basis.

Accepted Answer

A) True 
 B)False

Question 7

In general, tariffs decrease inflationary pressures.

Accepted Answer

A) True 
 B)False

Question 8

The GATT became part of the World Trade Organization in 1995 with the ratification of the Uruguay Round agreements.

Accepted Answer

A) True 
 B)False

Question 9

Quotas are more flexible than import licenses.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following trade policy tools makes it mandatory for its importers who want to buy a foreign good to apply for an exchange permit?

Accepted Answer

A)  Tariff 
B)  Import quota 
C)  Blocked currency 
D)  Government approval 
E)  Export levy 
A)  Tariff 
B)  Import quota 
C)  Blocked currency 
D)  Government approval 
E)  Export levy

List the effects of imposing tariffs.

After World War II, the United States led efforts like the Marshall Plan to assist in rebuilding Europe, financial and industrial development assistance to rebuild Japan, and funds channeled to foster economic growth in the underdeveloped world. These efforts were primarily aimed at:

Which of the following statements is true of the General Agreement on Tariffs and Trade (GATT)?

It is harder to obtain export licenses for products on the export control list than for the products that are excluded from the export control list.

The GATT panels were formed to resolve bilateral trade disputes and have both advisory and enforcement powers.

Quotas strictly permit importing on a case-by-case basis.

In general, tariffs decrease inflationary pressures.

The GATT became part of the World Trade Organization in 1995 with the ratification of the Uruguay Round agreements.

Quotas are more flexible than import licenses.

Which of the following trade policy tools makes it mandatory for its importers who want to buy a foreign good to apply for an exchange permit?

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

Exam 2: The Dynamic Environment of International Trade

List the effects of imposing tariffs.

After World War II, the United States led efforts like the Marshall Plan to assist in rebuilding Europe, financial and industrial development assistance to rebuild Japan, and funds channeled to foster economic growth in the underdeveloped world. These efforts were primarily aimed at:

Which of the following statements is true of the General Agreement on Tariffs and Trade (GATT)?

It is harder to obtain export licenses for products on the export control list than for the products that are excluded from the export control list.

The GATT panels were formed to resolve bilateral trade disputes and have both advisory and enforcement powers.

Quotas strictly permit importing on a case-by-case basis.

In general, tariffs decrease inflationary pressures.

The GATT became part of the World Trade Organization in 1995 with the ratification of the Uruguay Round agreements.

Quotas are more flexible than import licenses.

Which of the following trade policy tools makes it mandatory for its importers who want to buy a foreign good to apply for an exchange permit?

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