Exam 5: International The Global Marketplace

Limitations on the quantity of certain types of goods that can be imported over a period of time are called import quotas.

Which of the following organizations were formed with the original purpose of helping build infrastructure in developing countries and helping relieve the debt burden of these countries?

Which of the following activities is the least costly and least risky method for selling a product on the global market?

Azerbaijan has imports of $1.8 billion and has a favourable balance of trade.This means that Azerbaijan has which of the following?

Which of the following is a tax levied by a nation on imported goods?

The karakul is a breed of Central Asian sheep that produces curly,glossy wool for the manufacturing of warm hats and coats.Since the breed can be grown only in Central Asia,this region can be said to have which of the following?

Besides tariffs,a government can use a number of other tools to restrict trade.Which of the following is a tool aimed at restricting trade?

When a French company brings its patents on digital telephone switches,and AT&T provides the marketing know-how to a business relationship,which of the following arrangements is occurring?

A good product transcends cultural barriers.It does not need to be changed to suit different countries or cultures.

Which of the following are products that are bought from one country for use in another just as Canada buys coffee from Columbia?

Romania has imports of $16.7 billion and has an unfavourable balance of trade.This means that Romania has which of the following?

Which of the following is described by the fact that Algeria includes 3973 km of railroads,104 000 km of roads,and 54 paved airports?

Which of the following is one of the advantages associated with multinational corporations?

What term has the opposite meaning from "protectionism"?

Which of the following agreements dramatically lowered trade barriers worldwide and created the new World Trade Organization (WTO)?

The balance of payments is the summary of a country's financial transactions with another country.Which of the following would you expect to see in such a summary?

Canada buys copper from Chile's Escondido copper mine.The copper is used to make wiring for the Canadian telecommunications industry and for many other purposes.For Canada,the copper is an example of which of the following?

U.S.plane manufacturer McDonnell-Douglas has authorized Mitsubishi Heavy Industries,a Japanese company,to use its trademarks,patents,and other proprietary knowledge to manufacture F-15 fighter planes.Mitsubishi Heavy Industries pays McDonnell-Douglas.This is an example of which of the following activities?

Spanish customers view toothpaste as a cosmetic while consumers in the Netherlands view it as a necessary part of daily hygiene and use three times as much their Spanish counterparts.This example illustrates the importance of which of the following when marketing this product?

Which of the following move resources,goods,services,and skills across national boundaries without regard to the country in which they are headquartered?