Exam 4: Competing in World Markets

All of the following are social and cultural barriers EXCEPT ______.

A less-developed country wants to build new port facilities, which will allow it to increase agricultural exports. Financing for this project could come from the ______.

Decisions made by the ______ regarding trade disputes are binding on the parties involved.

______ are a common trade restriction imposed by the government on agricultural products.

A country with a balance of payments surplus means ______.

Indirect exporting involves producing a component for a product that is subsequently exported.

People in developing nations have lower per capita incomes than people in developed nations.

Complete the following using the terms listed below. -A limit on the amount of a particular product that a country can import during a specified time period is a(n) ______.

When Microsoft relocates its customer call centre to India, it is using offshoring.

A large part of the Canadian economy's growth comes from ______.

All of the following are included in the top five nations Canada trades with EXCEPT ______.

Gross domestic product (GDP) growth in the United States is higher than GDP growth in any other country.

To balance the budget for 2016, a developing country such as Ghana CANNOT borrow money from the international community to finance some of its expenses.

Jorge owns a men's watch company and is looking to market his product overseas. Which international business strategy would you recommend to him and why?

The hypothetical country of Eurica is experiencing severe competition to its domestic auto industry in the form of foreign imports. Many jobs are threatened. Eurica places a 25 percent tariff on the price of imported cars. This type of tariff is known as a(n) ______ tariff.

A country that can produce goods for less than any other country has an absolute advantage.

A balance of payments deficit occurs when ______.

When McDonald's franchises into foreign countries, they are engaging in direct international investment.

By allowing a company to purchase another existing firm in the host country, a(n) ______ permits a largely domestic business to gain an international presence very quickly.

Los Angeles-based PMI Telecom purchases cell phones manufactured in Asia and sells them in the United States. PMI is engaging in the international business activity known as ______.