Question 1

Quotas are a means to encourage exports.

Accepted Answer

A) True 
 B)False  False

Question 2

One of the challenges faced by the WTO is

Accepted Answer

A) movement towards a global currency. 
B) the spread of regional trade agreements. 
C) controlling inflation in developing countries. 
D) None of the above. 
A) movement towards a global currency. 
B) the spread of regional trade agreements. 
C) controlling inflation in developing countries. 
D) None of the above. B

Question 3

NAFTA is an example of a customs union.

Accepted Answer

A) True 
 B)False  False

Question 4

The World Bank acts as an intermediary between

Accepted Answer

A) developed and developing countries. 
B) private capital markets and developing nations. 
C) the WTO and developing nations. 
D) private capital markets and developed nations. 
A) developed and developing countries. 
B) private capital markets and developing nations. 
C) the WTO and developing nations. 
D) private capital markets and developed nations.

Question 5

Custom unions possess the characteristics of free trade areas but with the added feature of a common external/tariff barrier for member countries.

Accepted Answer

A) True 
 B)False

Question 6

Increased tariffs are a way to ensure that imports will increase in price.

Accepted Answer

A) True 
 B)False

Question 7

Outflows of funds involves both goods and services.

Accepted Answer

A) True 
 B)False

Question 8

A group of nations that agrees to drop trade barriers but permits members to maintain independent trade relations with non-group nations,is called

Accepted Answer

A) a customs union. 
B) a common market. 
C) a free-trade area. 
D) monetary unions. 
A) a customs union. 
B) a common market. 
C) a free-trade area. 
D) monetary unions.

Question 9

Until 2005,the United States government set a limit on how many t-shirts Turkey could export to the United States.This is called a(n)____.

Accepted Answer

A) quota 
B) orderly marketing arrangement 
C) tariff 
D) local content rule 
A) quota 
B) orderly marketing arrangement 
C) tariff 
D) local content rule

Question 10

Free-trade areas possess the characteristics of custom unions but with the added feature of a common currency.

Accepted Answer

A) True 
 B)False

Question 11

GATT was a

Accepted Answer

A) custom union. 
B) free-trade association. 
C) monetary union. 
D) None of the above. 
A) custom union. 
B) free-trade association. 
C) monetary union. 
D) None of the above.

Question 12

The World Bank acts as an intermediary between private equity funds and developed countries.

Accepted Answer

A) True 
 B)False

Question 13

Another name for the World Bank is ____.

Accepted Answer

A) World Trade Organization. 
B) International Bank for Reconstruction and Development. 
C) International Monetary Fund. 
D) Group of Seven. 
A) World Trade Organization. 
B) International Bank for Reconstruction and Development. 
C) International Monetary Fund. 
D) Group of Seven.

Question 14

Unilateral transfers may include which of the following?

Accepted Answer

A) Royalties 
B) Payments for services 
C) Payments for imports 
D) Remittances 
A) Royalties 
B) Payments for services 
C) Payments for imports 
D) Remittances

Question 15

____________________ are taxes on goods moving across economic or political boundaries.

Accepted Answer

The answer of ____________________ are taxes on goods moving across...

Question 16

Finance ministers and central bank governors from the United States,Japan,Germany,France,Britain,Italy,and Canada are members of the Group of Seven (G7).

Accepted Answer

A) True 
 B)False

Question 17

Today the exchange rate for all currencies is determined by supply and demand.

Accepted Answer

A) True 
 B)False

Question 18

The Battle of Seattle involved

Accepted Answer

A) the U.S.-E.U dispute over ''Frankenstein food." 
B) the U.S.-Canada dispute over pharmaceutical prices. 
C) protests against NAFTA. 
D) protests against the WTO. 
A) the U.S.-E.U dispute over ''Frankenstein food." 
B) the U.S.-Canada dispute over pharmaceutical prices. 
C) protests against NAFTA. 
D) protests against the WTO.

Question 19

Voluntary export restrictions are explicit agreements between countries to limit foreign export sales.

Accepted Answer

A) True 
 B)False

Question 20

Replacing tariffs with nontariff barriers was one of the objectives of GATT.

Accepted Answer

A) True 
 B)False

Quotas are a means to encourage exports.

One of the challenges faced by the WTO is

NAFTA is an example of a customs union.

The World Bank acts as an intermediary between

Custom unions possess the characteristics of free trade areas but with the added feature of a common external/tariff barrier for member countries.

Increased tariffs are a way to ensure that imports will increase in price.

Outflows of funds involves both goods and services.

A group of nations that agrees to drop trade barriers but permits members to maintain independent trade relations with non-group nations,is called

Until 2005,the United States government set a limit on how many t-shirts Turkey could export to the United States.This is called a(n)____.

Free-trade areas possess the characteristics of custom unions but with the added feature of a common currency.

GATT was a

The World Bank acts as an intermediary between private equity funds and developed countries.

Another name for the World Bank is ____.

Unilateral transfers may include which of the following?

____________________ are taxes on goods moving across economic or political boundaries.

Finance ministers and central bank governors from the United States,Japan,Germany,France,Britain,Italy,and Canada are members of the Group of Seven (G7).

Today the exchange rate for all currencies is determined by supply and demand.

The Battle of Seattle involved

Voluntary export restrictions are explicit agreements between countries to limit foreign export sales.

Replacing tariffs with nontariff barriers was one of the objectives of GATT.

Introduction to Global Marketing

Cultural and Social Forces

Political and Regulatory Climate

Global Markets

Global Competitors

Global Marketing Research

Global Market Participation

Global Market Entry Strategies

Global Product Strategies

Global Strategies for Services,Brands,and Social Marketing

Pricing for International and Global Markets

Managing Global Distribution Channels

Global Promotion Strategies

Managing Global Advertising

Organizing for Global Marketing

Filters

Exam 2: The Global Economy

Quotas are a means to encourage exports.

One of the challenges faced by the WTO is

NAFTA is an example of a customs union.

The World Bank acts as an intermediary between

Custom unions possess the characteristics of free trade areas but with the added feature of a common external/tariff barrier for member countries.

Increased tariffs are a way to ensure that imports will increase in price.

Outflows of funds involves both goods and services.

A group of nations that agrees to drop trade barriers but permits members to maintain independent trade relations with non-group nations,is called

Until 2005,the United States government set a limit on how many t-shirts Turkey could export to the United States.This is called a(n)____.

Free-trade areas possess the characteristics of custom unions but with the added feature of a common currency.

GATT was a

The World Bank acts as an intermediary between private equity funds and developed countries.

Another name for the World Bank is ____.

Unilateral transfers may include which of the following?

____________________ are taxes on goods moving across economic or political boundaries.

Finance ministers and central bank governors from the United States,Japan,Germany,France,Britain,Italy,and Canada are members of the Group of Seven (G7).

Today the exchange rate for all currencies is determined by supply and demand.

The Battle of Seattle involved

Voluntary export restrictions are explicit agreements between countries to limit foreign export sales.

Replacing tariffs with nontariff barriers was one of the objectives of GATT.

Introduction to Global Marketing

Cultural and Social Forces

Political and Regulatory Climate

Global Markets

Global Competitors

Global Marketing Research

Global Market Participation

Global Market Entry Strategies

Global Product Strategies

Global Strategies for Services,Brands,and Social Marketing

Pricing for International and Global Markets

Managing Global Distribution Channels

Global Promotion Strategies

Managing Global Advertising

Organizing for Global Marketing

Filters