Podcast
Questions and Answers
What is the estimated number of U.S. jobs generated by every $1 billion in U.S. exports?
What is the estimated number of U.S. jobs generated by every $1 billion in U.S. exports?
- 15,000
- 10,000
- 7,000 (correct)
- 5,000
What percentage of total U.S. exports are accounted for by small businesses?
What percentage of total U.S. exports are accounted for by small businesses?
- 30% (correct)
- 10%
- 50%
- 70%
What is the term for a country's exports being more valuable than its imports?
What is the term for a country's exports being more valuable than its imports?
- Absolute Advantage
- Trade Surplus (correct)
- Balance of Trade
- Trade Deficit
What is the term for a country's ability to produce a product more efficiently than all other countries?
What is the term for a country's ability to produce a product more efficiently than all other countries?
What is the main goal of President Obama's initiative to support small businesses in exporting?
What is the main goal of President Obama's initiative to support small businesses in exporting?
What motivates some students to become importers while studying abroad?
What motivates some students to become importers while studying abroad?
Which type of strategy for reaching global markets involves a fee for the use of a trademark or product?
Which type of strategy for reaching global markets involves a fee for the use of a trademark or product?
What is dumping in the context of global trade?
What is dumping in the context of global trade?
What is a disadvantage of licensing in global trade?
What is a disadvantage of licensing in global trade?
What is the main function of Export Assistance Centers (EACs)?
What is the main function of Export Assistance Centers (EACs)?
What is exporting in the context of global trade?
What is exporting in the context of global trade?
What is a potential advantage of licensing in global trade?
What is a potential advantage of licensing in global trade?
What occurs when a country's exports are less valuable than its imports?
What occurs when a country's exports are less valuable than its imports?
What is the difference between the money coming into a country and the money leaving the country called?
What is the difference between the money coming into a country and the money leaving the country called?
What is the term for selling products in a foreign country at lower prices than in the producing country?
What is the term for selling products in a foreign country at lower prices than in the producing country?
What is the goal of a country's balance of payments?
What is the goal of a country's balance of payments?
What happens when a country has a favorable balance of payments?
What happens when a country has a favorable balance of payments?
What is the term for the difference between a country's exports and imports?
What is the term for the difference between a country's exports and imports?
