Question 1

The form of economic cooperation that calls for establishing common external tariffs is known as a(n):

Accepted Answer

A) European Union. 
B) economic union. 
C) customs union. 
D) free trade area. 
E) common market. 
A) European Union. 
B) economic union. 
C) customs union. 
D) free trade area. 
E) common market.

Question 2

The country that withdrew from the original members of the Andean Community is:

Accepted Answer

A) Bolivia. 
B) Chile. 
C) Ecuador. 
D) Peru. 
E) Columbia 
A) Bolivia. 
B) Chile. 
C) Ecuador. 
D) Peru. 
E) Columbia

Question 3

Which of the following ASEAN countries alone accounts for more than one-third of 2014 two-way trade exports with the United States?

Accepted Answer

A) Brunei 
B) Malaysia 
C) Singapore 
D) Thailand 
E) Vietnam 
A) Brunei 
B) Malaysia 
C) Singapore 
D) Thailand 
E) Vietnam

Question 4

The English-speaking CARICOM members in the eastern Caribbean are concerned with defending their privileged trading position with:

Accepted Answer

A) Russia. 
B) China. 
C) the United States. 
D) the United Kingdom. 
E) Australia. 
A) Russia. 
B) China. 
C) the United States. 
D) the United Kingdom. 
E) Australia.

Question 5

The Asia-Pacific Economic Cooperation (APEC)launched an economic bloc called the ASEAN Economic Community (AEC).

Accepted Answer

A) True 
 B)False

Question 6

In an economic union,a doctor or lawyer qualified in one country can practice in another member country.

Accepted Answer

A) True 
 B)False

Question 7

Coca-Cola had to delay launching its Powerade sports drink in Europe due to the lack of uniform food safety laws in the European Union.

Accepted Answer

A) True 
 B)False

Question 8

Political and social instability in the Middle Eastern region can primarily be attributed to:

Accepted Answer

A) desert conditions and lack of agricultural land. 
B) cultural differences among nations. 
C) a wide gap between rich and poor nations due to oil revenues. 
D) lack of water purification facilities. 
E) the "Arab Spring." 
A) desert conditions and lack of agricultural land. 
B) cultural differences among nations. 
C) a wide gap between rich and poor nations due to oil revenues. 
D) lack of water purification facilities. 
E) the "Arab Spring."

Question 9

Brazil has ramped up efforts to prevent maca seeds from being smuggled out of the country for cultivation elsewhere.

Accepted Answer

A) True 
 B)False

Question 10

Mercosur,the Common Market of the South,resulted from a treaty signed by four countries: Argentina,Brazil,Paraguay,and Venezuela.

Accepted Answer

A) True 
 B)False

Question 11

In addition to eliminating internal barriers to trade,members of a customs union agree to the establishment of common external tariffs.

Accepted Answer

A) True 
 B)False

Question 12

European countries would benefit by having an FTA with the United States.However,there are some sticky points,which need resolution.All of the following points need consideration except:

Accepted Answer

A) that the EU restricts the import of most genetically modified crops,which are common in the United States. 
B) further reduction of tariffs,which now average between 2 and 3 percent. 
C) a variety of regulations that hamper cross-border investment and purchasing. 
D) the U.S.government would like easing of restrictions for purchasing European goods. 
E) the name "Parmesan" applied to the "cows-milk" cheese. 
A) that the EU restricts the import of most genetically modified crops,which are common in the United States. 
B) further reduction of tariffs,which now average between 2 and 3 percent. 
C) a variety of regulations that hamper cross-border investment and purchasing. 
D) the U.S.government would like easing of restrictions for purchasing European goods. 
E) the name "Parmesan" applied to the "cows-milk" cheese.

Question 13

The GATT had no enforcement power since the losing party in a dispute was entitled to ignore the ruling.

Accepted Answer

A) True 
 B)False

Question 14

________ is gaining a reputation as a manufacturing center as well as the world's number one producer of flat-screen TV sets.

Accepted Answer

A) Mexico 
B) Canada 
C) Brazil 
D) Panama 
E) Argentina 
A) Mexico 
B) Canada 
C) Brazil 
D) Panama 
E) Argentina

Question 15

The enlargement of the EU has affected marketing strategies in the Euro zone countries by:

Accepted Answer

A) making it difficult to export food products from one country to another. 
B) increasing the cost of production since the euro replaced local currency. 
C) shifting products from one market to another in the event of shortages. 
D) reduced tariffs and quotas for products imported from non-EU members. 
E) having less flexibility in the placement of factories. 
A) making it difficult to export food products from one country to another. 
B) increasing the cost of production since the euro replaced local currency. 
C) shifting products from one market to another in the event of shortages. 
D) reduced tariffs and quotas for products imported from non-EU members. 
E) having less flexibility in the placement of factories.

Question 16

A customs union does not create a free trade area as compared to NAFTA due to:

Accepted Answer

A) no common external tariffs. 
B) decreased production costs. 
C) reduced competition. 
D) ease of exporting commodities. 
E) creation of a continental demand. 
A) no common external tariffs. 
B) decreased production costs. 
C) reduced competition. 
D) ease of exporting commodities. 
E) creation of a continental demand.

Question 17

Despite trade agreements,attempts to achieve integration in Central America have been described as uncoordinated,inefficient,and costly.Tariffs still exist on imports of sugar,coffee,and alcoholic beverages.

Accepted Answer

A) True 
 B)False

Question 18

The Middle East does not have a single societal type with a typical belief,behavior,and tradition.Each capital and major city in the Middle East has a variety of social groups that can be differentiated on the basis of religion,social class,education,and degree of wealth.

Accepted Answer

A) True 
 B)False

Question 19

In order to form a free trade area,South Africa has signed a Trade,Development,and Cooperation Agreement (TDCA)with:

Accepted Answer

A) Swaziland. 
B) the EU. 
C) Namibia. 
D) Angola. 
E) Japan. 
A) Swaziland. 
B) the EU. 
C) Namibia. 
D) Angola. 
E) Japan.

Question 20

According to EU regulations,Kraft parmesan cheese cannot be sold in Europe because:

Accepted Answer

A) it is expensive when compared to local products. 
B) it is considered genetically modified agricultural product. 
C) terms such as "Parmesan" are used on the package labels. 
D) it does not contain salt and an enzyme. 
E) it contains synthetic cellulose powder. 
A) it is expensive when compared to local products. 
B) it is considered genetically modified agricultural product. 
C) terms such as "Parmesan" are used on the package labels. 
D) it does not contain salt and an enzyme. 
E) it contains synthetic cellulose powder.

The form of economic cooperation that calls for establishing common external tariffs is known as a(n):

The country that withdrew from the original members of the Andean Community is:

Which of the following ASEAN countries alone accounts for more than one-third of 2014 two-way trade exports with the United States?

The English-speaking CARICOM members in the eastern Caribbean are concerned with defending their privileged trading position with:

The Asia-Pacific Economic Cooperation (APEC)launched an economic bloc called the ASEAN Economic Community (AEC).

In an economic union,a doctor or lawyer qualified in one country can practice in another member country.

Coca-Cola had to delay launching its Powerade sports drink in Europe due to the lack of uniform food safety laws in the European Union.

Political and social instability in the Middle Eastern region can primarily be attributed to:

Brazil has ramped up efforts to prevent maca seeds from being smuggled out of the country for cultivation elsewhere.

Mercosur,the Common Market of the South,resulted from a treaty signed by four countries: Argentina,Brazil,Paraguay,and Venezuela.

In addition to eliminating internal barriers to trade,members of a customs union agree to the establishment of common external tariffs.

European countries would benefit by having an FTA with the United States.However,there are some sticky points,which need resolution.All of the following points need consideration except:

The GATT had no enforcement power since the losing party in a dispute was entitled to ignore the ruling.

________ is gaining a reputation as a manufacturing center as well as the world's number one producer of flat-screen TV sets.

The enlargement of the EU has affected marketing strategies in the Euro zone countries by:

A customs union does not create a free trade area as compared to NAFTA due to:

Despite trade agreements,attempts to achieve integration in Central America have been described as uncoordinated,inefficient,and costly.Tariffs still exist on imports of sugar,coffee,and alcoholic beverages.

The Middle East does not have a single societal type with a typical belief,behavior,and tradition.Each capital and major city in the Middle East has a variety of social groups that can be differentiated on the basis of religion,social class,education,and degree of wealth.

In order to form a free trade area,South Africa has signed a Trade,Development,and Cooperation Agreement (TDCA)with:

According to EU regulations,Kraft parmesan cheese cannot be sold in Europe because:

Introduction to Global Marketing

The Global Economic Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing, investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters

Exam 3: The Global Trade Environment

The form of economic cooperation that calls for establishing common external tariffs is known as a(n):

The country that withdrew from the original members of the Andean Community is:

Which of the following ASEAN countries alone accounts for more than one-third of 2014 two-way trade exports with the United States?

The English-speaking CARICOM members in the eastern Caribbean are concerned with defending their privileged trading position with:

The Asia-Pacific Economic Cooperation (APEC)launched an economic bloc called the ASEAN Economic Community (AEC).

In an economic union,a doctor or lawyer qualified in one country can practice in another member country.

Coca-Cola had to delay launching its Powerade sports drink in Europe due to the lack of uniform food safety laws in the European Union.

Political and social instability in the Middle Eastern region can primarily be attributed to:

Brazil has ramped up efforts to prevent maca seeds from being smuggled out of the country for cultivation elsewhere.

Mercosur,the Common Market of the South,resulted from a treaty signed by four countries: Argentina,Brazil,Paraguay,and Venezuela.

In addition to eliminating internal barriers to trade,members of a customs union agree to the establishment of common external tariffs.

European countries would benefit by having an FTA with the United States.However,there are some sticky points,which need resolution.All of the following points need consideration except:

The GATT had no enforcement power since the losing party in a dispute was entitled to ignore the ruling.

________ is gaining a reputation as a manufacturing center as well as the world's number one producer of flat-screen TV sets.

The enlargement of the EU has affected marketing strategies in the Euro zone countries by:

A customs union does not create a free trade area as compared to NAFTA due to:

Despite trade agreements,attempts to achieve integration in Central America have been described as uncoordinated,inefficient,and costly.Tariffs still exist on imports of sugar,coffee,and alcoholic beverages.

The Middle East does not have a single societal type with a typical belief,behavior,and tradition.Each capital and major city in the Middle East has a variety of social groups that can be differentiated on the basis of religion,social class,education,and degree of wealth.

In order to form a free trade area,South Africa has signed a Trade,Development,and Cooperation Agreement (TDCA)with:

According to EU regulations,Kraft parmesan cheese cannot be sold in Europe because:

Introduction to Global Marketing

The Global Economic Environment

Social and Cultural Environments

The Political,legal,and Regulatory Environments

Global Information Systems and Market Research

Segmentation,targeting,and Positioning

Importing,exporting,and Sourcing

Global Market Entry Strategies: Licensing, investment, and Strategic Alliances

Brand and Product Decisions in Global Marketing

Pricing Decisions

Global Marketing Channels and Physical Distribution

Global Marketing Communications Decisions I: Advertising and Public Relations

Global Marketing Communications Decisions II: Sales Promotion, personal Selling, and Special Forms of Marketing Communication

Global Marketing and the Digital Revolution

Strategic Elements of Competitive Advantage

Leadership, organization, and Corporate Social Responsibility

Filters