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Exam 3: Global Business

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Question 121

Multiple Choice

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A restriction on the amount of a particular foreign currency that can be purchased or sold is a

A) monetary export control.
B) nontariff barrier.
C) currency devaluation.
D) currency control.
E) foreign-exchange control.

F) C) and D)
G) A) and D)

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Question 122

Multiple Choice

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The Tokyo Round

A) was completed in 1947.
B) resulted in 50 percent tariff cuts.
C) was implemented over a fifteen-year period.
D) increased nontariff barriers.
E) eased import quotas and unrealistic quality standards for imports.

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

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Question 123

Multiple Choice

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If Procter & Gamble and Reckitt & Colman,makers of Lysol,form a partnership to develop and distribute a disinfectant line of laundry detergent,the partnership would be a(n)

XYZ Company wants to be prepared for the ASEAN free trade area.The company plans to develop its own production and marketing facilities in one or more ASEAN countries.The best choice for XYZ Company is

Forming a joint venture with an existing foreign company offers all of the following advantages except

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

Taiwanese manufacturers are dumping toys in Germany.What will happen to German toy manufacturers if the German government allows this dumping to continue?

An organization of nations formed to promote the free movement of resources and products among its members and to create common economic policies is called a(n)

Nordstrom sells designer suits made in Italy in its stores in the United States.Nordstrom is ____ suits.

Why is balance of payments a much broader concept than balance of trade?

A currency devaluation increases the cost of foreign goods and ____ the cost of domestic goods to foreign firms.

Terrance operates a very successful cold storage business in the United States and would like to establish a similar business in a foreign country so he is able to offer shipping between the United States and the other country with storage for the goods once shipped.He has studied several countries and has a few possibilities,but would like to work in one that will most likely result in the success of his business there.Which country has the most efficient,integrated,and dynamic economic relationship with the United States?

Landfall Service Landfall 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 close.Landfall Service has shipped many of its products internationally.In fact,80 percent of its profits come from international sales.However,the Italian government has imposed a tax on imported furniture items to protect local companies.The Brazilian government,on the other hand,has imposed taxes on Landfall Service products due to the government wanting a piece of the pie.Landfall Service initially thought that these taxes were unfair because it was being singled out.However,after Landfall Service contacted the organization that had the power to mediate this situation,the furniture company realized that the taxation it was subjected to was legal and that there was nothing it could do about it. -Refer to Landfall Service.What type of tax has the Brazilian government imposed on the company?

​NAFTA member nations include those located in

Strategic alliances and ____ are very similar.

What are some of the major sources of export assistance from the federal government?

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 country's

All of the following are reasons against having trade restrictions except

What are the Kennedy Round,the Tokyo Round,and the Uruguay Round?

When the United States recently imported $1,933 billion in merchandise and services and exported $1,555 billion,it had a trade deficit.