Question 1

Briefly describe the mechanisms for financing export and imports.

Accepted Answer

There are three principle mechanisms use

Question 2

From an exporter's perspective,why is an offset more attractive than a straight counterpurchase agreement?

Accepted Answer

A) It is the simplest countertrade arrangement. 
B) It gives the exporter greater flexibility to choose the goods that it wishes to purchase. 
C) It allows the use of a specialized third-party trading house in the arrangement. 
D) It gives the exporter counterpurchase credits,which can be used to purchase goods from another country. 
A) It is the simplest countertrade arrangement. 
B) It gives the exporter greater flexibility to choose the goods that it wishes to purchase. 
C) It allows the use of a specialized third-party trading house in the arrangement. 
D) It gives the exporter counterpurchase credits,which can be used to purchase goods from another country.

Question 3

What is the Ex-Im Bank? What is its mission? How does it pursue its mission?

Accepted Answer

The Export-Import Bank,often referred to

Question 4

In the U.S. ,export credit insurance is provided by the _____,an association of private commercial institutions.

Accepted Answer

A) FCC 
B) FTC 
C) FCIA 
D) FDIC 
A) FCC 
B) FTC 
C) FCIA 
D) FDIC

Question 5

Which of the following is true about international comparisons in exporting?

Accepted Answer

A) The United States has long made its living as a trading nation. 
B) Historically,Germany has been a relatively self-contained continental economy. 
C) Unlike Japan,U.S.firms have a strong information advantage when they seek export opportunities. 
D) The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany. 
A) The United States has long made its living as a trading nation. 
B) Historically,Germany has been a relatively self-contained continental economy. 
C) Unlike Japan,U.S.firms have a strong information advantage when they seek export opportunities. 
D) The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany.

Question 6

Lack of trust in international trade is exacerbated by the distance between the two parties in space,language,and culture.

Accepted Answer

A) True 
 B)False

Question 7

A party initiating a draft is known as the _____,while the party to whom the draft is presented is known as the _________________

Accepted Answer

A) maker;drawee 
B) importer;exporter 
C) buyer;vendor 
D) agent;principal 
A) maker;drawee 
B) importer;exporter 
C) buyer;vendor 
D) agent;principal

Question 8

When do firms engage in countertrade?

Accepted Answer

A) When the exporter may not be paid in his/her home currency due to nonconvertibility 
B) When the exporter can convert the currency only in U.S.dollars 
C) When the exporter is dealing with a country that has huge foreign reserves 
D) When the exporter has easy access to export credit to fund its international trade 
A) When the exporter may not be paid in his/her home currency due to nonconvertibility 
B) When the exporter can convert the currency only in U.S.dollars 
C) When the exporter is dealing with a country that has huge foreign reserves 
D) When the exporter has easy access to export credit to fund its international trade

Question 9

Why do many neophyte exporters have problems when first trying to do business abroad? What are the common pitfalls experienced by neophyte exporters?

Accepted Answer

Neophyte exporters tend to underestimate

Briefly describe the mechanisms for financing export and imports.

From an exporter's perspective,why is an offset more attractive than a straight counterpurchase agreement?

What is the Ex-Im Bank? What is its mission? How does it pursue its mission?

In the U.S. ,export credit insurance is provided by the _____,an association of private commercial institutions.

Which of the following is true about international comparisons in exporting?

Lack of trust in international trade is exacerbated by the distance between the two parties in space,language,and culture.

A party initiating a draft is known as the _,while the party to whom the draft is presented is known as the _____________

When do firms engage in countertrade?

Why do many neophyte exporters have problems when first trying to do business abroad? What are the common pitfalls experienced by neophyte exporters?

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Global Production,Outsourcing,and Logistics

Global Marketing and RD

Global Human Resource Management

Filters

Exam 13: Exporting,Importing,and Countertrade

Briefly describe the mechanisms for financing export and imports.

From an exporter's perspective,why is an offset more attractive than a straight counterpurchase agreement?

What is the Ex-Im Bank? What is its mission? How does it pursue its mission?

In the U.S. ,export credit insurance is provided by the _____,an association of private commercial institutions.

Which of the following is true about international comparisons in exporting?

Lack of trust in international trade is exacerbated by the distance between the two parties in space,language,and culture.

A party initiating a draft is known as the _____,while the party to whom the draft is presented is known as the _________________

When do firms engage in countertrade?

Why do many neophyte exporters have problems when first trying to do business abroad? What are the common pitfalls experienced by neophyte exporters?

Globalization

National Differences in Political Economy

Differences in Culture

Ethics in International Business

International Trade Theory

The Political Economy of International Trade

Foreign Direct Investment

Regional Economic Integration

The Foreign Exchange Market

The International Monetary System

The Strategy of International Business

Entering Foreign Markets

Global Production,Outsourcing,and Logistics

Global Marketing and RD

Global Human Resource Management

Filters

A party initiating a draft is known as the _,while the party to whom the draft is presented is known as the _____________