Question 1

Today, there are ____________________ free-trade zones (FTZs) and ____________________ export-processing zones in China.

Accepted Answer

15, 25
fifteen, twenty-five
fifteen, twenty five

Question 2

Special Economic Zones in China and ____________________ in Mexico are examples of customs-privileged facilities that typically exist in countries with low-cost labor.

Accepted Answer

maquiladoras

Question 3

The International Monetary Fund and the _________________________ were created at the United Nations Monetary and Financial Conference, as a result of the Bretton Woods Agreement.

Accepted Answer

World Bank

Question 4

Differential Exchange Rates:

Accepted Answer

A) can be used to promote imports of desirable and necessary goods 
B) can be used to discourage imports of less desirable and necessary goods 
C) are favorable to the international firm importing products into this market 
D) all of the above 
A) can be used to promote imports of desirable and necessary goods 
B) can be used to discourage imports of less desirable and necessary goods 
C) are favorable to the international firm importing products into this market 
D) all of the above

Question 5

Which of the following is not a form of currency control used by governments?

Accepted Answer

A) Embargoes 
B) Blocked currency 
C) Differential exchange rates 
D) Foreign exchange permits 
A) Embargoes 
B) Blocked currency 
C) Differential exchange rates 
D) Foreign exchange permits

Question 6

Products that are manipulated in a foreign trade zone may be labeled as manufactured in the FTZ host country.

Accepted Answer

A) True 
 B)False

Question 7

Special economic zones are customs-privileged facilities that typically exist in countries with low-cost labor.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following United Nations Organizations often provides turn-key factories to countries in need?

Accepted Answer

A) The United Nations Industrial Development Organization 
B) The United Nations Conference on Trade and Development 
C) The Food and Agriculture Organization 
D) The Regional Economic Commission for Africa 
A) The United Nations Industrial Development Organization 
B) The United Nations Conference on Trade and Development 
C) The Food and Agriculture Organization 
D) The Regional Economic Commission for Africa

Question 9

Which of the of the following is not an example of a nontariff barrier?

Accepted Answer

A) A tax on imported automobiles 
B) A voluntary import expansion 
C) A voluntary export restraint 
D) A sugar quota 
A) A tax on imported automobiles 
B) A voluntary import expansion 
C) A voluntary export restraint 
D) A sugar quota

Question 10

Which of the following has been hailed as a success for the G8?

Accepted Answer

A) Challenging China on its human rights record 
B) Helping Eastern Europe in its process of transition to a market economy 
C) Improving Japan's economy 
D) Helping Europe to produce jobs and faster growth 
A) Challenging China on its human rights record 
B) Helping Eastern Europe in its process of transition to a market economy 
C) Improving Japan's economy 
D) Helping Europe to produce jobs and faster growth

Question 11

Which of the following is an example of a price control?

Accepted Answer

A) increasing the prices of imports to match minimum prices of domestic imports 
B) antidumping and countervailing duty actions designed to counter unfair competition 
C) paratariff measures 
D) all of the above are examples of price controls 
A) increasing the prices of imports to match minimum prices of domestic imports 
B) antidumping and countervailing duty actions designed to counter unfair competition 
C) paratariff measures 
D) all of the above are examples of price controls

Question 12

Paratariff measures decrease the costs of imports.

Accepted Answer

A) True 
 B)False

Question 13

What are the World Trade Organization's (WTO's) main functions?

Accepted Answer

The WTO's main functions are: providing

Question 14

Nonautomatic import licenses are issued on a discretionary basis and are used to restrict imports of a given product.

Accepted Answer

A) True 
 B)False

Question 15

A foreign trade zone is a tax-free area in a particular country that is not considered part of the respective country in terms of import regulations and restrictions.

Accepted Answer

A) True 
 B)False

Question 16

___________________________________ are issued on a discretionary basis and are used to restrict imports of a given product.

Accepted Answer

Nonautomat

Question 17

Vietnam received the Permanent-Normal-Trade-Relations (PNTR) Status, which means it will be subject to the same customs and tariffs as other PNTR countries.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following countries is most likely to require a foreign exchange permit?

Accepted Answer

A) The United States 
B) Germany 
C) China 
D) Each of the above is equally likely. 
A) The United States 
B) Germany 
C) China 
D) Each of the above is equally likely.

Question 19

New international firms can no longer enter a country when the country implements a blocked-currency strategy.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statements about foreign trade zones is inaccurate?

Accepted Answer

A) A foreign trade zone can be as small as a building. 
B) Merchandise in the FTZ is outside the jurisdiction of the host country customs services. 
C) Foreign trade zones are usually located near ports of entry. 
D) All of the above statements are accurate. 
A) A foreign trade zone can be as small as a building. 
B) Merchandise in the FTZ is outside the jurisdiction of the host country customs services. 
C) Foreign trade zones are usually located near ports of entry. 
D) All of the above statements are accurate.

Today, there are free-trade zones (FTZs) and export-processing zones in China.

Special Economic Zones in China and ____________________ in Mexico are examples of customs-privileged facilities that typically exist in countries with low-cost labor.

The International Monetary Fund and the _________________________ were created at the United Nations Monetary and Financial Conference, as a result of the Bretton Woods Agreement.

Differential Exchange Rates:

Which of the following is not a form of currency control used by governments?

Products that are manipulated in a foreign trade zone may be labeled as manufactured in the FTZ host country.

Special economic zones are customs-privileged facilities that typically exist in countries with low-cost labor.

Which of the following United Nations Organizations often provides turn-key factories to countries in need?

Which of the of the following is not an example of a nontariff barrier?

Which of the following has been hailed as a success for the G8?

Which of the following is an example of a price control?

Paratariff measures decrease the costs of imports.

What are the World Trade Organization's (WTO's) main functions?

Nonautomatic import licenses are issued on a discretionary basis and are used to restrict imports of a given product.

A foreign trade zone is a tax-free area in a particular country that is not considered part of the respective country in terms of import regulations and restrictions.

___________________________________ are issued on a discretionary basis and are used to restrict imports of a given product.

Vietnam received the Permanent-Normal-Trade-Relations (PNTR) Status, which means it will be subject to the same customs and tariffs as other PNTR countries.

Which of the following countries is most likely to require a foreign exchange permit?

New international firms can no longer enter a country when the country implements a blocked-currency strategy.

Which of the following statements about foreign trade zones is inaccurate?

Scope, Concepts, and Drivers of International Marketing

An Overview of the International Marketing Environment

Regional Economic and Political Integration

Cultural Influences on International Marketing

International Marketing Research: Practices and Challenges

International Strategic Planning

Expansion Strategies and Entry Mode Selection

Products and Services: Branding Decisions in International Markets

International Product and Service Strategies

Managing International Distribution Operations and Logistics

International Retailing

The International Promotional Mix and Advertising Strategies

International Publicity, Public Relations, and Sales Promotion Strategies

International Personal Selling and Personnel Management

International Pricing Strategy

Organizing and Controlling International Marketing Operations and Perspectives for the Future

Filters

Exam 3: International Trade: Institutional Barriers and Facilitators

Today, there are ____________________ free-trade zones (FTZs) and ____________________ export-processing zones in China.

Special Economic Zones in China and ____________________ in Mexico are examples of customs-privileged facilities that typically exist in countries with low-cost labor.

The International Monetary Fund and the _________________________ were created at the United Nations Monetary and Financial Conference, as a result of the Bretton Woods Agreement.

Differential Exchange Rates:

Which of the following is not a form of currency control used by governments?

Products that are manipulated in a foreign trade zone may be labeled as manufactured in the FTZ host country.

Special economic zones are customs-privileged facilities that typically exist in countries with low-cost labor.

Which of the following United Nations Organizations often provides turn-key factories to countries in need?

Which of the of the following is not an example of a nontariff barrier?

Which of the following has been hailed as a success for the G8?

Which of the following is an example of a price control?

Paratariff measures decrease the costs of imports.

What are the World Trade Organization's (WTO's) main functions?

Nonautomatic import licenses are issued on a discretionary basis and are used to restrict imports of a given product.

A foreign trade zone is a tax-free area in a particular country that is not considered part of the respective country in terms of import regulations and restrictions.

___________________________________ are issued on a discretionary basis and are used to restrict imports of a given product.

Vietnam received the Permanent-Normal-Trade-Relations (PNTR) Status, which means it will be subject to the same customs and tariffs as other PNTR countries.

Which of the following countries is most likely to require a foreign exchange permit?

New international firms can no longer enter a country when the country implements a blocked-currency strategy.

Which of the following statements about foreign trade zones is inaccurate?

Scope, Concepts, and Drivers of International Marketing

An Overview of the International Marketing Environment

Regional Economic and Political Integration

Cultural Influences on International Marketing

International Marketing Research: Practices and Challenges

International Strategic Planning

Expansion Strategies and Entry Mode Selection

Products and Services: Branding Decisions in International Markets

International Product and Service Strategies

Managing International Distribution Operations and Logistics

International Retailing

The International Promotional Mix and Advertising Strategies

International Publicity, Public Relations, and Sales Promotion Strategies

International Personal Selling and Personnel Management

International Pricing Strategy

Organizing and Controlling International Marketing Operations and Perspectives for the Future

Filters

Today, there are free-trade zones (FTZs) and export-processing zones in China.