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Exam 3: Global Business

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Question 131

True/False

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Selling and shipping raw materials or products to other nations is known as exporting.

A) True
B) False

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Question 132

Multiple Choice

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When a country's currency is devalued,this ____ the cost of foreign goods and ____ the cost of domestic goods to foreign firms.

A) increases;decreases
B) reduces;reduces
C) decreases;increases
D) neutralizes;raises
E) neutralizes;decreases

F) A) and B)
G) A) and C)

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Question 133

Multiple Choice

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Albania was a closed,centrally planned state but is now a developing country with an open-market economy.In recent years,the country has suffered from a significant economic slowdown.It has infrastructure problems with an uneven electricity supply,problems with corruption,poor enforcement of contracts and property issues,which make it difficult to attract foreign investment;however,the government has made strides to improve the business climate through fiscal and legislative reforms.Albania would like to continue to improve as an open-market economy.Where could its leaders go to obtain assistance with financial and technical support?

The total flow of money into a country minus the total flow of money out of the country over some period of time is called the nation's balance of trade.

The United States buys automobiles from Japan and Germany and petroleum products from many OPEC nations.The United States thus engages in

What does it mean for a country to have an absolute advantage? Compare that to having a comparative advantage.

Which of the following statements is true about NAFTA?

What is dumping? Why do domestic manufacturers obtain antidumping duty through the government?

The newest forms of international business structure developed to create competitive advantage on a worldwide basis are called

What might be inferred if a nation has a continual deficit in its balance of payments?

Suppose France imposes a tax on agricultural products from the United States to help its own farmers.This describes a(n)

If the Korean government charged tariffs on Japanese automobiles and in turn the Japanese government put tariffs on Korean automobiles,Japan's major rationale for imposing these tariffs would be to

If it wants to reduce the dollars flowing out of the country,the United States can limit the number of Japanese cars being imported by imposing a(n)

Pablo complained that it took some time to locate a distributor of an imported light bulb that he had to replace.He was further annoyed that he had to pay an artificially high price.When asked for his opinion,Pablo would probably argue

If the United States exports $100 worth of diamonds to the Kingdom of Mocha and imports $80 worth of bows and arrows,it has a(n)

Saidee opened a textile business in 1984 that traded with GATT member nations.She thought that by choosing nations that were part of this economic trade agreement she would not encounter tariff barriers,however she has been unable to sell her product in several nations due to the high tariffs placed on textiles.What is the most likely reason for Saidee's predicament?

What are some advantages of licensing as a method of entering international business?