Exam 8: Importing,exporting,and Sourcing

A number of explanations have been offered for the low level of U.S.exports relative to other countries.All of the following can be considered as reasons for low level of exports except:

Which of the following refers to a system of farm subsidies in Europe?

Developed under the auspices of the Custom Cooperation Council (now the World Customs Organization)the system which took effect is referred to as:

________ are licensed specialists in traffic operations,customs clearance,and shipping tariffs and schedules.They can be considered as the travel agents for handling export goods.

The possible arrangements of the responsibilities for handling exports include all of the following except:

Which set of documents generally represents the minimum documentation required to clear a shipment through customs?

Which of the following is described as the three R's of global business: rules,rate schedules,and regulations?

The terms "export selling" and "export marketing" are interchangeable.

Which of the following receives a fee for bringing together an exporter and a buyer in another country?

A nontariff barrier (NTB)includes all of the following except:

Governments commonly use activities to support and encourage firms that engage in exporting.Such activities include all of the following except:

Which of the following types of duties would be imposed on a company whose home-country government provided export subsidies?

The Ministry of International Trade and Industry (MITI)has helped devise export strategies for companies in:

Why does the tariff system vary from country to country? Explain,giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs.What are the conditions under which GATT allows the use of preferential tariffs?

After the aftermath of the tragedy involving fire in garment factories in Bangladesh,it was found that the buildings were inspected by:

Export marketing requires all of the following except:

The international standard by which letters of credit (L / Cs)are interpreted is known as the ________ 500.

Governmental actions at times are designed to discourage imports and block market access.Why do governments want to curtail imports? Explain some of the barriers that are placed to discourage imports.

The United States have given Normal Trade Relations (NTR)status to some 180 countries.In actuality only four countries are excluded from this status which includes all of the following countries except:

In an effort to facilitate exports,countries are designating certain areas as "free trade zones" (FTZ)or "special economic zones" (SEZ).