International Business Quiz

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What type of limitation does the USMCA (T-MEC) maintain on the movement of labor?

Quotas

Which principle states that WTO members must treat each other equally?

Most Favored Nation (MFN)

In a customs union, what is added to an existing free trade area?

Common external tariffs

What is the maximum number of consumers that a business can reach or see defined as?

<p>Market Size</p> Signup and view all the answers

Which variable is the most irrelevant to include on a Wiklund analysis for a company exporting pork meat?

<p>Inflation</p> Signup and view all the answers

Which of the following is NOT true about the Wiklund Method?

<p>All are correct</p> Signup and view all the answers

Which statement about importing mushrooms into the United States is TRUE?

<p>Importers pay a specific tariff of 19.5 cents per kilogram</p> Signup and view all the answers

Which of the following is TRUE about a trade agreement between countries?

<p>Countries have to pay the Most Favored Nation tariff after entering into a trade agreement</p> Signup and view all the answers

Which of the following statements about an industry is FALSE?

<p>It is where goods and services are transacted, physically or online</p> Signup and view all the answers

What does HTS stand for in international trade?

<p>Harmonized Tariff System</p> Signup and view all the answers

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