Exam 2: the Global Marketplace and Governments’ Roles

In 2009,Albania exported $340 million and imported products valued at $1.5 billion.Albania would exhibit which of the following?

Bombardier sells trains to European countries.To the European countries,these trains are an example of which of the following?

Which of the following concepts best represents a country's set of beliefs,values,and social norms shared by members of society that determines what is socially acceptable?

Which of the following is a benefit associated with free trade and globalization?

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?

Nations sometimes form free-trade associations and establish areas where there are few,if any,export and import duties or other regulations that would act as barriers to trade among partners.Which of the following best describes the result of this behaviour?

The opposite of free trade is nationalism.

In order to show a commercial on South Korean television,a company like Gillette must film the commercial using South Korean actors.What political consideration is most likely responsible for this legal requirement?

When Coca-Cola sends cases of Coke to France and receives sparkling water as payment,a countertrade has taken place.

Farmers in the United States sell peanuts to Canada.To Canadians,the peanuts are an export.

How would you describe the balance of trade in a country that exports more than it imports?

In 2010,Albania exported $340 million and imported products valued at $1.5 billion.What does the difference between the dollar value of its exports and imports represent?

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

Which of the following is an international bank that normally provides short-term loans to countries that are unable to meet their budgetary expenses?

The exchange rate is the interest rate that foreign banks receive when borrowing money from Canada.

China imposes a 45 percent tax on the market value of all chickens that are imported from other countries into China.What would be another name for this type of tax?

There are arguments for and against the use of tariffs.What are the most likely reasons that a cattle-producing country like Argentina might have a tariff on the importation of beef?

There are certain types of wood that are available only from trees grown in the Brazilian rain forest.What kind of advantage does this give Brazil over all other nations who might want to import these exotic woods?

A natural barrier that faces Argentina when it sells beef to Siberia is which of the following?