Question 1

New Zealand has had a free trade agreement with China since 2008.

Accepted Answer

A) True 
 B)False

Question 2

The world's largest market is currently:

Accepted Answer

A) China 
B) European Union 
C) Commonwealth of Independent States 
D) USA 
A) China 
B) European Union 
C) Commonwealth of Independent States 
D) USA

Question 3

The World Trade Organization (WTO)has its origins in the GATT.

Accepted Answer

A) True 
 B)False

Question 4

The WTO's core mission is the facilitation of international trade and investment, while ensuring that an effective forum exists to address concerns surrounding the core.

Accepted Answer

A) True 
 B)False

Question 5

The International Bank for Reconstruction and Development is also known as the IMF.

Accepted Answer

A) True 
 B)False

Question 6

APEC is:

Accepted Answer

A) Association of Petroleum Exporting Countries 
B) Asia Pacific Economic Cooperation 
C) a control agreement between Australia and the Philippines 
D) Australia Pacific Economic Cooperation 
A) Association of Petroleum Exporting Countries 
B) Asia Pacific Economic Cooperation 
C) a control agreement between Australia and the Philippines 
D) Australia Pacific Economic Cooperation

Question 7

By August 2012, the WTO had 201 member 'countries'.

Accepted Answer

A) True 
 B)False

Question 8

Which of the alternatives represents a challenge for the IMF in the next years?

Accepted Answer

A) It is quite unclear whether stringent economic rules and performance measures are equally applicable to all countries seeking IMF assistance. 
B) New economic conditions that have not been experienced to date, such as the privatisation of formerly centrally planned economies, may require different types of approaches. 
C) The link between economic and political stability requires more and different considerations, therefore magnifying but also changing the mission of the IMF. 
D) All of these choices 
A) It is quite unclear whether stringent economic rules and performance measures are equally applicable to all countries seeking IMF assistance. 
B) New economic conditions that have not been experienced to date, such as the privatisation of formerly centrally planned economies, may require different types of approaches. 
C) The link between economic and political stability requires more and different considerations, therefore magnifying but also changing the mission of the IMF. 
D) All of these choices

Question 9

Which of the following is not a result of a restriction of investment?

Accepted Answer

A) A denial of access to foreign capital and often innovation 
B) A tightening up of credit markets 
C) Higher interest rates 
D) An increased willingness to adapt to changing world market conditions 
A) A denial of access to foreign capital and often innovation 
B) A tightening up of credit markets 
C) Higher interest rates 
D) An increased willingness to adapt to changing world market conditions

Question 10

What is the official Australian government source of information on trade policy?

Accepted Answer

A) Department of Foreign Affairs and Trade 
B) Ministry of Foreign Affairs and Trade 
C) Department of Export and Immigration 
D) Ministry of Foreign Trade 
A) Department of Foreign Affairs and Trade 
B) Ministry of Foreign Affairs and Trade 
C) Department of Export and Immigration 
D) Ministry of Foreign Trade

Question 11

The foreign direct investment level:

Accepted Answer

A) by the US is still the highest of any country. 
B) by China became the highest of any country after 2004. 
C) into the US is low compared with the flow into China. 
D) None of the above 
A) by the US is still the highest of any country. 
B) by China became the highest of any country after 2004. 
C) into the US is low compared with the flow into China. 
D) None of the above

Question 12

US trade policy tends to be:

Accepted Answer

A) positive rather than reactive and ad hoc. 
B) ignorant of the nation's growing trade deficit. 
C) formulated based on short-term domestic political considerations. 
D) ignorant of the nation's growing trade deficit and formulated based on short-term domestic political considerations. 
A) positive rather than reactive and ad hoc. 
B) ignorant of the nation's growing trade deficit. 
C) formulated based on short-term domestic political considerations. 
D) ignorant of the nation's growing trade deficit and formulated based on short-term domestic political considerations.

Question 13

What are the advantages and disadvantages of trade restrictions?

Accepted Answer

A good answer would discuss the type of

Question 14

A broad-scale multilateral negotiation is when:

Accepted Answer

A) concessions can be traded off among countries. 
B) there is a clearly identified winner and loser for each issue. 
C) there are only two nations involved. 
D) there is less chance for long-term success because no one wants to be the loser. 
A) concessions can be traded off among countries. 
B) there is a clearly identified winner and loser for each issue. 
C) there are only two nations involved. 
D) there is less chance for long-term success because no one wants to be the loser.

Question 15

World Bank was designed to provide stability for the international monetary framework

Accepted Answer

A) True 
 B)False

Question 16

Consider the effects of export and import.

Accepted Answer

Exports can affect currency values and t

Question 17

Since the 1960s, US firms tended not to have an international outlook because:

Accepted Answer

A) the domestic market was large enough to ensure profits. 
B) international marketing was considered risky and complicated. 
C) the US had sufficient diversity of resources. 
D) All of these choices 
A) the domestic market was large enough to ensure profits. 
B) international marketing was considered risky and complicated. 
C) the US had sufficient diversity of resources. 
D) All of these choices

Question 18

Successful foreign competitiveness in international trade has resulted in major trade deficits for Australia, New Zealand and the USA.

Accepted Answer

A) True 
 B)False

Question 19

The availability of a large US domestic market and the relative distance to foreign markets resulted in US manufacturers simply not feeling a compelling need to seek business beyond national borders.

Accepted Answer

A) True 
 B)False

Question 20

An economic bloc is:

Accepted Answer

A) an integration of the economic and political activities of member nations. 
B) a global cartel of nations enforcing economic rules among member states. 
C) all of the competing nations in the same marketplace. 
D) the goal of a global marketplace. 
A) an integration of the economic and political activities of member nations. 
B) a global cartel of nations enforcing economic rules among member states. 
C) all of the competing nations in the same marketplace. 
D) the goal of a global marketplace.

New Zealand has had a free trade agreement with China since 2008.

The world's largest market is currently:

The World Trade Organization (WTO)has its origins in the GATT.

The WTO's core mission is the facilitation of international trade and investment, while ensuring that an effective forum exists to address concerns surrounding the core.

The International Bank for Reconstruction and Development is also known as the IMF.

APEC is:

By August 2012, the WTO had 201 member 'countries'.

Which of the alternatives represents a challenge for the IMF in the next years?

Which of the following is not a result of a restriction of investment?

What is the official Australian government source of information on trade policy?

The foreign direct investment level:

US trade policy tends to be:

What are the advantages and disadvantages of trade restrictions?

A broad-scale multilateral negotiation is when:

World Bank was designed to provide stability for the international monetary framework

Consider the effects of export and import.

Since the 1960s, US firms tended not to have an international outlook because:

Successful foreign competitiveness in international trade has resulted in major trade deficits for Australia, New Zealand and the USA.

The availability of a large US domestic market and the relative distance to foreign markets resulted in US manufacturers simply not feeling a compelling need to seek business beyond national borders.

An economic bloc is:

Introduction to international marketing

The economic environment

The political and legal environment

The cultural environment

Building the knowledge base

Foreign market entry

Channels of distribution and logistics

Product policy and adaptation in international markets

Product and brand management in international markets

Services marketing

Pricing in international markets

International marketing communications

Social Networking and Communications

Filters

Exam 3: Trade institutions and trade policy

New Zealand has had a free trade agreement with China since 2008.

The world's largest market is currently:

The World Trade Organization (WTO)has its origins in the GATT.

The WTO's core mission is the facilitation of international trade and investment, while ensuring that an effective forum exists to address concerns surrounding the core.

The International Bank for Reconstruction and Development is also known as the IMF.

APEC is:

By August 2012, the WTO had 201 member 'countries'.

Which of the alternatives represents a challenge for the IMF in the next years?

Which of the following is not a result of a restriction of investment?

What is the official Australian government source of information on trade policy?

The foreign direct investment level:

US trade policy tends to be:

What are the advantages and disadvantages of trade restrictions?

A broad-scale multilateral negotiation is when:

World Bank was designed to provide stability for the international monetary framework

Consider the effects of export and import.

Since the 1960s, US firms tended not to have an international outlook because:

Successful foreign competitiveness in international trade has resulted in major trade deficits for Australia, New Zealand and the USA.

The availability of a large US domestic market and the relative distance to foreign markets resulted in US manufacturers simply not feeling a compelling need to seek business beyond national borders.

An economic bloc is:

Introduction to international marketing

The economic environment

The political and legal environment

The cultural environment

Building the knowledge base

Foreign market entry

Channels of distribution and logistics

Product policy and adaptation in international markets

Product and brand management in international markets

Services marketing

Pricing in international markets

International marketing communications

Social Networking and Communications

Filters