Exam 2: the Global Marketplace and Governments’ Roles

The tax that Canada imposes on imported carbon steel products is called a tariff.

The BC Cherry Growers sells much of its locally grown produce to Taiwan.Which of the following would be the easiest and least expensive way for the growers' association to sell to global markets?

Which of the following is a protectionist argument that says Canada should use tariffs to keep foreign labour from taking away Canadian jobs?

Besides tariffs,a government can use a number of other tools to restrict trade.Which of the following is a tool aimed at restricting trade?

Which of the following is an example of a natural trade barrier?

The Uruguay Round of trade negotiations is best described by which of the following?

U.S.plane manufacturer McDonnell-Douglas has authorized Mitsubishi Heavy Industries,a Japanese company,to use its trademarks,patents,and other proprietary knowledge to manufacture F-15 fighter planes.Mitsubishi Heavy Industries pays McDonnell-Douglas.This is an example of which of the following activities?

By using split-run magazines (modifying the U.S.edition so they contain Canadian ads),U.S.magazine publishers can offer lower rates to advertiser and sell the magazines for less money than Canadian publishers can.According to the CMPA,the U.S.magazine publishers are engaged in which of the following?

In international licensing,the licensor is the domestic firm that allows the licensee to use its trademark or brand.

Which of the following best describes protectionism?

What do you call companies that move resources,goods,services,and skills across national boundaries without regard to the country in which their headquarters are located?

The International Monetary Fund (IMF)was created to promote trade through financial cooperation by working to eliminate trade barriers.

Which of the following is part of a nation's infrastructure?

An argument in favour of protective tariffs is the "infant-industry argument." Which of the following statements would reflect that argument?

Venezuela can grow and sell cut flowers for floral bouquets more easily and more cheaply than most other countries can produce the same flowers.When it comes to flowers,Venezuela has which of the following?

Which of the following is a tax levied by a nation on imported goods?

When South Korea reduces the tariff that Japan (but only Japan)has to pay when it imports cameras into South Korea,which of the following best describes the action?

A country that imports more goods than it exports is said to exhibit which of the following?

Which of the following is described by the fact that Algeria includes 3973 km of railroads,104 000 km of roads,and 54 paved airports?

Capital Radio PLC,the United Kingdom's biggest commercial radio firm announced in 2002 that it would cooperate with Walt Disney Co.to create a radio network for children under the age of 16.The company will broadcast to a potential audience of 25 million under the name Capital Disney.This new radio network will be created as the result of which of the following arrangements?