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Questions and Answers
Questions and Answers
What is a trade surplus?
What is a trade surplus?
- When a country imports more than it exports
- When a country exports more than it imports (correct)
- When a country's exchange rate is higher than usual
- When a country's exchange rate is lower than average
What is the purpose of protectionism in international trade?
What is the purpose of protectionism in international trade?
- To encourage import of goods and services
- To shield a country's industries from foreign competition (correct)
- To reduce government intervention in trade
- To promote free trade and open markets
What does a quota refer to in international trade?
What does a quota refer to in international trade?
- Taxes, surcharges, and duties on imported goods
- The amount of goods allowed to be imported (correct)
- The complete ban of a specific product
- Financial assistance from the government to lower prices
What are export subsidies in international trade?
What are export subsidies in international trade?
Which organization promotes trade among member nations in the Asia-Pacific region?
Which organization promotes trade among member nations in the Asia-Pacific region?
What is the term for selling the rights to use an entire business system, including name and processes, to a company in another country?
What is the term for selling the rights to use an entire business system, including name and processes, to a company in another country?
Which organizational strategy for international expansion focuses on creating highly independent operating units in each new country?
Which organizational strategy for international expansion focuses on creating highly independent operating units in each new country?
What is a shared system of symbols, beliefs, attitudes, values, and norms of behavior called?
What is a shared system of symbols, beliefs, attitudes, values, and norms of behavior called?
What is the term for buying an established company or launching a new company in another country?
What is the term for buying an established company or launching a new company in another country?
Which form of international business activity involves buying and selling goods and services across national borders?
Which form of international business activity involves buying and selling goods and services across national borders?
What is the term for the complete ban of a specific product in international trade?
What is the term for the complete ban of a specific product in international trade?
What does a trade deficit indicate in the context of international trade?
What does a trade deficit indicate in the context of international trade?
What is the term for policies aimed at shielding a country's industries from foreign competition?
What is the term for policies aimed at shielding a country's industries from foreign competition?
In international trade, what is the measure of the difference between a country's exports and imports during a specific period?
In international trade, what is the measure of the difference between a country's exports and imports during a specific period?
Which organization primarily focuses on promoting trade among member nations worldwide?
Which organization primarily focuses on promoting trade among member nations worldwide?
What is the term for forming a long-term business partnership with a local company in a new market?
What is the term for forming a long-term business partnership with a local company in a new market?
What does the term 'transnational strategy' in international expansion aim to achieve?
What does the term 'transnational strategy' in international expansion aim to achieve?
What is the term for selling the rights to use an entire business system, including name and internal processes, to a company in another country?
What is the term for selling the rights to use an entire business system, including name and internal processes, to a company in another country?
What presents challenges in the global business environment due to different laws, preferences, and ethical standards?
What presents challenges in the global business environment due to different laws, preferences, and ethical standards?
What is the term for buying an established company or launching a new company in another country?
What is the term for buying an established company or launching a new company in another country?
Which trading bloc consists of 28 countries and may implement the EURO as its currency?
Which trading bloc consists of 28 countries and may implement the EURO as its currency?
What is the primary function of the International Monetary Fund (IMF) in international trade?
What is the primary function of the International Monetary Fund (IMF) in international trade?
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