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International Trade and Monetary System Quiz

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International Trade and Monetary System Quiz

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Questions and Answers

What is a major cause for lowering the trade barriers of markets and production?

Reduced corporate mobility

Corporate greed

Technological change (correct)

Global supply and demand

The International Monetary System is responsible for:

Advising on financial, economic, and foreign exchange policies of member countries (correct)

Overseeing global environmental policies

Advising on healthcare policies

Regulating international trade agreements

Sourcing goods and services from locations around the globe is known as:

Globalization of production (correct)

Deregulation

Globalization of markets

Integration of markets

Which of the following statements is false based on the text?

A multinational enterprise outsources its business activities outside its home country. Signup and view all the answers

Did fiscal stimulus implemented during the CoVid pandemic contribute to a supply and demand imbalance post-pandemic?

True Signup and view all the answers

What factors are fostering reshoring strategies according to the text?

Increased costs due to automation and customized production Signup and view all the answers

What is a primary role of the World Trade Organization?

Arbitration of trade disputes Signup and view all the answers

Which statement about trade policy is correct for a government looking to protect domestic producers?

Both A and B Signup and view all the answers

What is a common argument supporting the use of government trade policy instruments?

Protection of local jobs and industries Signup and view all the answers

Which statement is true regarding offshoring or outsourcing activities along the supply chain?

Vendor diversification is not a consideration Signup and view all the answers

How can foreign exchange risk be minimized according to the text?

Using a bank as a trusted third party and a letter of credit Signup and view all the answers

What effect did the CoVid situation have on Divano Lounge, as stated in the text?

Caused cost escalation due to reliance on one single factory location Signup and view all the answers