Question 1

​If the Philippines needed to borrow money to promote its economic and social progress, it would most likely go to the ___.

Accepted Answer

A)  ​Asian Development Bank.
B)  ​World Bank.
C)  ​International Monetary Fund.
D)  ​United Nations.E) C) and D)
F) None of the above

Question 2

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

Accepted Answer

Licensing, a contractual agreement in wh...

Question 3

The International Trade Administration (ITA) offers assistance and information to help exporters.

Accepted Answer

A) True 
 B)False

Question 4

Landing Service is a lawn furniture company that has been around for many years. It is known for its ability to produce furniture more efficiently than any other company in the nation. In truth, no other companies in any other nation come clos
-Refer to Landing Service. What type of tax has the Brazilian government imposed on the company?

Accepted Answer

A)  Import duty
B)  Embargo
C)  Revenue tariff
D)  Protective tariff
E)  Nontariff barrierF) C) and E)
G) A) and B)

Question 5

Which of the following federal governmental agencies provides domestic and overseas commercial officers, country experts, and industry experts?

Accepted Answer

A)  Export Legal Assistance Network
B)  International Trade Administration
C)  Advocacy Center
D)  American Business Center
E)  U.S.Department of TransportationF) B) and C)
G) A) and E)

Question 6

​Apple is an example of a company that makes products using international resources. This company is an example of international

Accepted Answer

A)  ​interconnectedness and independence.
B)  ​cooperation.
C)  ​friction.
D)  ​economic derailing.E) None of the above
F) A) and B)

Question 7

A complete halt to trading with a particular nation or in a particular product is called an embargo.

Accepted Answer

A) True 
 B)False

Question 8

Balance of payments is a ____ concept than balance of trade.

Accepted Answer

A)  more difficult
B)  less difficult
C)  nearly identical
D)  broader
E)  narrowerF) None of the above
G) C) and E)

Question 9

An international organization formed at the end of World War II by the United States and twenty-two other countries whose goal was to reduce or eliminate tariffs and other barriers to world trade is called the

Accepted Answer

A)  Trade Expansion Act.
B)  Kennedy Round.
C)  GATT.
D)  Tokyo Round.
E)  Common Market.F) B) and E)
G) A) and D)

Question 10

Because Saudi Arabia and Australia have ____, Saudi Arabia can specialize in the production of crude oil and petroleum products, and Australia can specialize in the production of wool.

Accepted Answer

A)  a company advantage
B)  an absolute advantage
C)  a comparative advantage
D)  an effective manufacturing system
E)  very low labor costsF) A) and D)
G) A) and C)

Question 11

​Some of the major hindrances to Japan's economic growth after 2009 were

Accepted Answer

A)  ​the earthquake, the tsunami, and the nuclear plant disaster in 2011.​
B)  ​the falling value of the yen.
C)  ​the fear of nuclear war.
D)  ​the inept leadership.E) B) and C)
F) A) and B)

Question 12

Absolute advantage is the ability to produce a specific product more efficiently than any other nation.

Accepted Answer

A) True 
 B)False

Exam 3: Exploring Global Business

A complete halt to trading with a particular nation or in a particular product is called an embargo.

Correct Answer
verified

Correct Answer
verified

Absolute advantage is the ability to produce a specific product more efficiently than any other nation.

Correct Answer
verified

Because Saudi Arabia and Australia have ____, Saudi Arabia can specialize in the production of crude oil and petroleum products, and Australia can specialize in the production of wool.

Correct Answer
verified

Which of the following federal governmental agencies provides domestic and overseas commercial officers, country experts, and industry experts?

Correct Answer
verified

Apple is an example of a company that makes products using international resources. This company is an example of international

Correct Answer
verified

The International Trade Administration (ITA) offers assistance and information to help exporters.

Correct Answer
verified

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

Correct Answer
verified
Licensing, a contractual agreement in wh...
View Answer

Some of the major hindrances to Japan's economic growth after 2009 were

Correct Answer
verified

If the Philippines needed to borrow money to promote its economic and social progress, it would most likely go to the ___.

Correct Answer
verified

An international organization formed at the end of World War II by the United States and twenty-two other countries whose goal was to reduce or eliminate tariffs and other barriers to world trade is called the

Correct Answer
verified

Balance of payments is a ____ concept than balance of trade.

Correct Answer
verified

Exam 3: Exploring Global Business

A complete halt to trading with a particular nation or in a particular product is called an embargo.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Absolute advantage is the ability to produce a specific product more efficiently than any other nation.

Correct AnswerverifiedShow Answer

Because Saudi Arabia and Australia have ____, Saudi Arabia can specialize in the production of crude oil and petroleum products, and Australia can specialize in the production of wool.

Correct AnswerverifiedShow Answer

Which of the following federal governmental agencies provides domestic and overseas commercial officers, country experts, and industry experts?

Correct AnswerverifiedShow Answer

​Apple is an example of a company that makes products using international resources. This company is an example of international

Correct AnswerverifiedShow Answer

The International Trade Administration (ITA) offers assistance and information to help exporters.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedLicensing, a contractual agreement in wh...View AnswerShow Answer

​Some of the major hindrances to Japan's economic growth after 2009 were

Correct AnswerverifiedShow Answer

​If the Philippines needed to borrow money to promote its economic and social progress, it would most likely go to the ___.

Correct AnswerverifiedShow Answer

An international organization formed at the end of World War II by the United States and twenty-two other countries whose goal was to reduce or eliminate tariffs and other barriers to world trade is called the

Correct AnswerverifiedShow Answer

Balance of payments is a ____ concept than balance of trade.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Apple is an example of a company that makes products using international resources. This company is an example of international

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Licensing, a contractual agreement in wh...
View Answer

Some of the major hindrances to Japan's economic growth after 2009 were

Correct Answer
verified

If the Philippines needed to borrow money to promote its economic and social progress, it would most likely go to the ___.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified