Exam 3: Exploring Global Business

American automakers are concerned about the availability of so many foreign cars to U.S. consumers and that their chances to sell their own cars are limited. To directly correct the situation, they encourage Congress to impose a(n)

Any measure imposed by a government to favor domestic products over foreign products not involving taxes is a(n)

Which is the largest emerging Asian market?

XYZ Company wants to explore commercial opportunities in India and needs to consult with a country expert. XYZ Company should consider seeking assistance from the

An import duty has the effect of all of the following except

What is the difference between an absolute advantage and a comparative advantage?

Purchasing products or materials in other nations and bringing them into one's own country is

Mexico is experiencing balance-of-payments deficits and is seeking financial support. Mexico probably should seek assistance from

Although it lacks sources of timber and oil, Chablis has a plentiful supply of grapes for its many wineries. Which statement about Chablis is true?

What is a strategic alliance? What is its major advantage?

An unfavorable balance of trade occurs when

A trading company provides a link between buyers and sellers in different countries.

Describe trading companies. What is an important function of trading companies?

When the United States levies a tax on coffee from Colombia, this type of tax is a(n)

In 2008, U.S. exports as a percentage of GDP

A limit on the amount of a particular good that may be imported into a country during a given period of time is called an import quota.

Japanese tourists come to experience the magic of Disney World and other attractions around Orlando, Florida. These tourists are

If the United States and Japan can't settle their trade disputes on their own, they probably should settle them through the

Lynn Bernerd, Inc. Lynn Bernerd, Inc., manufactures and sells reclining furnitur -Refer to Lynn Bernerd, Inc. When the transport carriers notify the exporter that the product has been shipped, they use a

Globalization represents a huge opportunity for