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Question;?;Question 1;10 out of;10 points;When a government sees that local industry is;threatened by imports, it will never impose import barriers to stop or reduce;these imports.;?;Question 2;10 out of;10 points;Both developed nations and developing nations;tend to trade more with developed nations.;?;Question 3;0 out of;10 points;The theory of absolute advantage suggests that;under free and unregulated trade, each nation should specialize in producing;those goods it can produce most efficiently, based on naturally occurring;resources such as minerals, oil, or timber.;?;Question 4;0 out of;10 points;The International Court of Justice has 15 judges;who come from 15 different countries and serve 15-year terms, appointed by;majorities of the General Assembly and the Security Council.;?;Question 5;10 out of;10 points;Arbitration is a dispute resolution mechanism;that is an alternative to litigation.;?;Question 6;10 out of;10 points;In the United States, procurement often exists in;a web of social relationships and friendships.;?;Question 7;10 out of;10 points;Foreign business refers to the operations of a;company outside its home or domestic market.;?;Question 8;10 out of;10 points;Unfair competition caused by a nation's low;requirements for bank capital-asset ratios is known as _____.;?;Question 9;10 out of;10 points;An FAS is an inco-term where _____.;?;Question;10;10 out of;10 points;The unspoken language includes aspects of work;spaces.;?;Question;11;10 out of;10 points;Due to the expanding importance of foreign-owned;firms in local economies, host governments have made their policies toward;these companies _____________.;?;Question;12;10 out of;10 points;Country risk assessment is an evaluation;conducted by a bank or business, that assesses a country's economic situation;and policies and its politics to determine how much risk exists of losing an;investment.;?;Question;13;10 out of;10 points;Cash payments, government participation in;ownership, low-cost loans to foreign buyers and exporters, and preferential;tax treatment are examples of _____.;?;Question;14;10 out of;10 points;Under Non-quantitative barriers, subsidy is the;most common form of _____.;?;Question;15;0 out of;10 points;In a diffuse culture;?;Question;16;10 out of;10 points;Examples of the kinds of uncontrollable forces;listed in the text are;?;Question;17;10 out of;10 points;A _____ is a government grant giving the inventor;of a product or process the exclusive right to manufacture, exploit, use, and;sell that invention or process.;?;Question;18;10 out of;10 points;Assuming one's own culture to be superior to;other cultures is known as;?;Question;19;10 out of;10 points;are agreements between countries and may;also be called conventions, covenants, compacts, or protocols.;?;Question;20;0 out of;10 points;Off-shoring is an application of;?;Question;21;10 out of;10 points;The first formulation of international trade;theory, by Adam Smith, was motivated by agricultural necessity.;?;Question;22;10 out of;10 points;The term international company refers to both;global and multi-domestic companies.;?;Question;23;0 out of 10;points;The World Bank is organized into three major and;two smaller institutions.;?;Question;24;10 out of;10 points;What is the purpose of the International Monetary;Fund (IMF)?;?;Question;25;10 out of;10 points;Product liability is the standard that holds a;company and its officers and directors liable and possibly subject to fines;or imprisonment when its product causes death, injury, or damage;?;Question;26;10 out of;10 points;Economic integration begins with a;?;Question;27;10 out of;10 points;Power distance is similar to inequality, but;defined from above, not from below.;?;Question;28;0 out of;10 points;The General Assembly;?;Question;29;0 out of;10 points;Privatization means the ownership transfer from;government to private entities.;?;Question 30;0 out of;10 points;Which of the following is explained by;international trade theory?


Paper#46367 | Written in 18-Jul-2015

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