Question 1

In the 1960s and 1970s, why were domestic firms at a disadvantage when compared to firms in emerging nations?

Accepted Answer

A)  U.S. firms were more profitable than foreign companies during this time period.. 
B)  Laws restricted the exportation of goods while allowing unprecedented importation of foreign goods. 
C)  The U.S. policy was to help and support foreign economies because it was believed that "Yankee" ingenuity and the free market of the states would by itself encourage growth. 
D)  The war on drugs was at its peak worldwide. 
A)  U.S. firms were more profitable than foreign companies during this time period.. 
B)  Laws restricted the exportation of goods while allowing unprecedented importation of foreign goods. 
C)  The U.S. policy was to help and support foreign economies because it was believed that "Yankee" ingenuity and the free market of the states would by itself encourage growth. 
D)  The war on drugs was at its peak worldwide. C

Question 2

When the International Monetary Fund was created, how did member nations pay their dues?

Accepted Answer

A)  25% in gold or U.S. dollars, the rest in their own currency 
B)  In their own nation's currency 
C)  In salt or other commodities 
D)  Through a common IMF currency called the Dohar 
A)  25% in gold or U.S. dollars, the rest in their own currency 
B)  In their own nation's currency 
C)  In salt or other commodities 
D)  Through a common IMF currency called the Dohar A

Question 3

What is the core mission of the WTO?

Accepted Answer

A)  To enforce trade tariffs 
B)  To keep salt prices at a stable price 
C)  To facilitate international trade and investment 
D)  To broker agricultural products between companies 
A)  To enforce trade tariffs 
B)  To keep salt prices at a stable price 
C)  To facilitate international trade and investment 
D)  To broker agricultural products between companies C

Question 4

Providing preferential treatment to domestic bidders over foreign bidders, using national standards that are not comparable to international standards, placing emphasis on design rather than performance, and providing for general difficulties in the market entry of foreign products are examples of:

Accepted Answer

A)  import/export quotas. 
B)  substantial discounting by domestic partners. 
C)  aggregation of intrinsic dominance. 
D)  non-tariff barriers. 
A)  import/export quotas. 
B)  substantial discounting by domestic partners. 
C)  aggregation of intrinsic dominance. 
D)  non-tariff barriers.

Question 5

The disappointment with past policy measures, particularly trade negotiations, is mainly the result of

Accepted Answer

A)  lack of funds. 
B)  lack of expectations. 
C)  overblown competitiveness. 
D)  Overblown expectations. 
A)  lack of funds. 
B)  lack of expectations. 
C)  overblown competitiveness. 
D)  Overblown expectations.

Question 6

_________ is a non-governmental organization composed of business leaders from Europe and the United States.

Accepted Answer

A)  Transatlantic Business Dialogue 
B)  Transatlantic World Dialogue 
C)  Transpacific World Dialogue 
D)  Transpacific Business Dialogue 
A)  Transatlantic Business Dialogue 
B)  Transatlantic World Dialogue 
C)  Transpacific World Dialogue 
D)  Transpacific Business Dialogue

Question 7

____________ is considered "special" because of its affect on currency values, the fiscal and monetary policies of governments, the shaping of public perception on competitiveness, and the level of imports a country can afford?

Accepted Answer

A)  Political upheaval 
B)  Regime change 
C)  Exportation of goods and services 
D)  The legalization of previously banned products 
A)  Political upheaval 
B)  Regime change 
C)  Exportation of goods and services 
D)  The legalization of previously banned products

Question 8

What organization should regulate E-Commerce?

Accepted Answer

This is a difficult question to answer,

Question 9

As of 2002, what is true about the trade status of the United States?

Accepted Answer

A)  The U.S. imports more goods than it exports. 
B)  The U.S. exports more goods than it imports. 
C)  The U.S. does not import or export since it is in a free trade zone. 
D)  The U.S. is not bound by trade treaties. 
A)  The U.S. imports more goods than it exports. 
B)  The U.S. exports more goods than it imports. 
C)  The U.S. does not import or export since it is in a free trade zone. 
D)  The U.S. is not bound by trade treaties.

Question 10

Another name for the International Bank for Reconstruction and Development is:

Accepted Answer

A)  the Bank of America. 
B)  the United States Treasury. 
C)  the World Bank. 
D)  the UN Bank. 
A)  the Bank of America. 
B)  the United States Treasury. 
C)  the World Bank. 
D)  the UN Bank.

Question 11

Beginning in 1896, China experienced an explosion of international trade because of the foresight of Empress Dowager Tz'u-hsi.

Accepted Answer

A) True 
 B)False

Question 12

In which region is the Mercosur trade union located?

Accepted Answer

A)  Pacific Asian Rim 
B)  Latin America 
C)  Northern European States 
D)  Africa 
A)  Pacific Asian Rim 
B)  Latin America 
C)  Northern European States 
D)  Africa

Question 13

In the history of the world, the following groups gained preeminence through their trade activities:

Accepted Answer

A)  Politicians, legislators, and parliamentarians 
B)  Etruscan, Phoenicians and Egyptians 
C)  Pilots, boat captains, and pony express riders 
D)  Educators, doctors, and lawyers 
A)  Politicians, legislators, and parliamentarians 
B)  Etruscan, Phoenicians and Egyptians 
C)  Pilots, boat captains, and pony express riders 
D)  Educators, doctors, and lawyers

Question 14

Most of people carry change in their pockets or purses and take for granted that coins have always been part of their lives. Common coinage was developed in ancient Rome to ensure that business transactions could easily be carried out throughout the empire.

Accepted Answer

A) True 
 B)False

Question 15

Because the United States economy was nearly decimated by the effects of World War II, the U.S. has not been able to emerge as an economic power in the world since that time.

Accepted Answer

A) True 
 B)False

Question 16

When economic coordination between trading partners continues, leading trading nations will:

Accepted Answer

A)  propagate a universal religion. 
B)  exploit the dollar and devalue it in relation to the Yen. 
C)  compromise the WTO charter. 
D)  lose some national sovereignty. 
A)  propagate a universal religion. 
B)  exploit the dollar and devalue it in relation to the Yen. 
C)  compromise the WTO charter. 
D)  lose some national sovereignty.

Question 17

The World Bank was initially formed in 1944 to aid countries that were suffering from the destruction of WWII.

Accepted Answer

A) True 
 B)False

Question 18

How did international trade affect the rise and fall of the Roman Empire?

Accepted Answer

One of the major world powers in ancient

Question 19

In order to be successful in international trade, policymakers must be willing to trade off long term goals to achieve short term objectives.

Accepted Answer

A) True 
 B)False

Question 20

The United States has a coordinated set of continuous activities to deal with international trade, and these activities have been embraced by all presidential administrations and legislative branches since 1954; this is known as the U.S. Trade Policy Ad Hoc Relations.

Accepted Answer

A) True 
 B)False

In the 1960s and 1970s, why were domestic firms at a disadvantage when compared to firms in emerging nations?

When the International Monetary Fund was created, how did member nations pay their dues?

What is the core mission of the WTO?

Providing preferential treatment to domestic bidders over foreign bidders, using national standards that are not comparable to international standards, placing emphasis on design rather than performance, and providing for general difficulties in the market entry of foreign products are examples of:

The disappointment with past policy measures, particularly trade negotiations, is mainly the result of

_________ is a non-governmental organization composed of business leaders from Europe and the United States.

____________ is considered "special" because of its affect on currency values, the fiscal and monetary policies of governments, the shaping of public perception on competitiveness, and the level of imports a country can afford?

What organization should regulate E-Commerce?

As of 2002, what is true about the trade status of the United States?

Another name for the International Bank for Reconstruction and Development is:

Beginning in 1896, China experienced an explosion of international trade because of the foresight of Empress Dowager Tz'u-hsi.

In which region is the Mercosur trade union located?

In the history of the world, the following groups gained preeminence through their trade activities:

Most of people carry change in their pockets or purses and take for granted that coins have always been part of their lives. Common coinage was developed in ancient Rome to ensure that business transactions could easily be carried out throughout the empire.

Because the United States economy was nearly decimated by the effects of World War II, the U.S. has not been able to emerge as an economic power in the world since that time.

When economic coordination between trading partners continues, leading trading nations will:

The World Bank was initially formed in 1944 to aid countries that were suffering from the destruction of WWII.

How did international trade affect the rise and fall of the Roman Empire?

In order to be successful in international trade, policymakers must be willing to trade off long term goals to achieve short term objectives.

The United States has a coordinated set of continuous activities to deal with international trade, and these activities have been embraced by all presidential administrations and legislative branches since 1954; this is known as the U.S. Trade Policy Ad Hoc Relations.

The International Marketing Environment

The Cultural Environment

The Economic Environment

The Political and Legal Environment

Strategic Planning

Marketing Organization, Implementation, and Control

Research

Market Entry and Expansion

Product Adaptation

Export Pricing

Marketing Communications

Distribution Management

Global Product Management and Branding

Global Services

Global Logistics and Materials Management

Global Pricing

Global Promotional Strategies

Filters

Exam 2: Trade Institutions and Trade Policy

In the 1960s and 1970s, why were domestic firms at a disadvantage when compared to firms in emerging nations?

When the International Monetary Fund was created, how did member nations pay their dues?

What is the core mission of the WTO?

Providing preferential treatment to domestic bidders over foreign bidders, using national standards that are not comparable to international standards, placing emphasis on design rather than performance, and providing for general difficulties in the market entry of foreign products are examples of:

The disappointment with past policy measures, particularly trade negotiations, is mainly the result of

_________ is a non-governmental organization composed of business leaders from Europe and the United States.

____________ is considered "special" because of its affect on currency values, the fiscal and monetary policies of governments, the shaping of public perception on competitiveness, and the level of imports a country can afford?

What organization should regulate E-Commerce?

As of 2002, what is true about the trade status of the United States?

Another name for the International Bank for Reconstruction and Development is:

Beginning in 1896, China experienced an explosion of international trade because of the foresight of Empress Dowager Tz'u-hsi.

In which region is the Mercosur trade union located?

In the history of the world, the following groups gained preeminence through their trade activities:

Most of people carry change in their pockets or purses and take for granted that coins have always been part of their lives. Common coinage was developed in ancient Rome to ensure that business transactions could easily be carried out throughout the empire.

Because the United States economy was nearly decimated by the effects of World War II, the U.S. has not been able to emerge as an economic power in the world since that time.

When economic coordination between trading partners continues, leading trading nations will:

The World Bank was initially formed in 1944 to aid countries that were suffering from the destruction of WWII.

How did international trade affect the rise and fall of the Roman Empire?

In order to be successful in international trade, policymakers must be willing to trade off long term goals to achieve short term objectives.

The United States has a coordinated set of continuous activities to deal with international trade, and these activities have been embraced by all presidential administrations and legislative branches since 1954; this is known as the U.S. Trade Policy Ad Hoc Relations.

The International Marketing Environment

The Cultural Environment

The Economic Environment

The Political and Legal Environment

Strategic Planning

Marketing Organization, Implementation, and Control

Research

Market Entry and Expansion

Product Adaptation

Export Pricing

Marketing Communications

Distribution Management

Global Product Management and Branding

Global Services

Global Logistics and Materials Management

Global Pricing

Global Promotional Strategies

Filters