Exam 3: International Trade: Institutional Barriers and Facilitators

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Foreign trade zones are usually bonded and must be secured and enclosed, which make them safer than most ports of entry - thus decreasing ____________________ costs for companies using them.

(Short Answer)

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Question 81

Which of the following is not an argument for protectionism?

(Multiple Choice)

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Question 82

Free trade zones in China

(Multiple Choice)

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Question 83

The natural resources conservation argument for protectionism is not considered to be valid in international trade organization forums, especially in light of worldwide shortages of raw materials.

(True/False)

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Question 84

A(n) ______________________________ 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.

(Short Answer)

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Question 85

Explain what a foreign trade zone is.

(Essay)

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Question 86

Which strategy is most likely to be used by a firm trying to bypass a blocked currency?

(Multiple Choice)

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Question 87

Because foreign trade zones have easy access, they are less secure causing an increased insurance cost for companies using them.

(True/False)

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Question 88

____________________ specify a maximum quantity or a value of a product that may be imported during a specified period.

(Short Answer)

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Question 89

Which bank is the largest international bank that sponsors economic development projects?

(Multiple Choice)

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Question 90

Quotas specify a minimum quantity or a value of a product that must be imported during a specified period.

(True/False)

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Question 91

What benefits does an international firm operating in a foreign trade zone receive?

(Essay)

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Question 92

Approximately how may countries are a member of the World Trade Organization?

(Multiple Choice)

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Question 93

The current focus of the World Bank is in the area of industrial and infrastructure development.

(True/False)

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Question 94

The free trade zones in China attracted $60 billion in investments, employ 2 million people, and contribute a fourth to the nation's exports.

(True/False)

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Question 95

A maquiladora is an example of a(n)

(Multiple Choice)

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Question 96

Voluntary _________________________ are self-imposed quotas and constitute a barrier to trade often used in the 1980's to protect local industries.

(Short Answer)

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Question 97

Tariffs are imposed to

(Multiple Choice)

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Question 98

Markets with excess productive capacity:

(Multiple Choice)

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Question 99

The African Growth and Opportunity Act (AGOA) focuses specifically on sub-Saharan Africa and

(Multiple Choice)

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Question 100

Showing 81 - 100 of 119

Foreign trade zones are usually bonded and must be secured and enclosed, which make them safer than most ports of entry - thus decreasing ____________________ costs for companies using them.

Which of the following is not an argument for protectionism?

Free trade zones in China

The natural resources conservation argument for protectionism is not considered to be valid in international trade organization forums, especially in light of worldwide shortages of raw materials.

A(n) ______________________________ 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.

Explain what a foreign trade zone is.

Which strategy is most likely to be used by a firm trying to bypass a blocked currency?

Because foreign trade zones have easy access, they are less secure causing an increased insurance cost for companies using them.

____________________ specify a maximum quantity or a value of a product that may be imported during a specified period.

Which bank is the largest international bank that sponsors economic development projects?

Quotas specify a minimum quantity or a value of a product that must be imported during a specified period.

What benefits does an international firm operating in a foreign trade zone receive?

Approximately how may countries are a member of the World Trade Organization?

The current focus of the World Bank is in the area of industrial and infrastructure development.

The free trade zones in China attracted $60 billion in investments, employ 2 million people, and contribute a fourth to the nation's exports.

A maquiladora is an example of a(n)

Voluntary _________________________ are self-imposed quotas and constitute a barrier to trade often used in the 1980's to protect local industries.

Tariffs are imposed to

Markets with excess productive capacity:

The African Growth and Opportunity Act (AGOA) focuses specifically on sub-Saharan Africa and

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