International Business Quiz
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Questions and Answers

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

  • Quotas (correct)
  • Customs Union
  • Market Size
  • Free Trade Area
  • Which principle states that WTO members must treat each other equally?

  • Market Size
  • Free Trade Area
  • Customs Union
  • Most Favored Nation (MFN) (correct)
  • In a customs union, what is added to an existing free trade area?

  • Market Size
  • Quotas
  • Common external tariffs (correct)
  • Labor Restrictions
  • 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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