Quiz Answer Bank (Ch 1-4) - QUIZ ANSWER BANK Chapter 2 1....

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QUIZ ANSWER BANKChapter 21. The Marshall Plan was aimed at: assisting the rebuilding of Europe.2. Which of the following legislations raised average U.S. tariffs on more than 20,000 imported goods to
3. Which of the following were the two major challenges faced by U.S. multinational corporations at the
4. The World Bank estimates that five countries whose share of world trade is barely one-third that ofthe European Union will, by 2020, have a 50 percent higher share than that of the European Union.
7. Which of the following is most likely to be recorded on the minus side of the U.S. balance of
8. Which of the following is most likely to be recorded on the plus side of the U.S. balance of payments?
9. Which of the following accounts is an integral part of the balance-of-payments statement? Capitalaccount
10. Which of the following is most likely to be included in the current account of the balance-of-
11. Which of the following is most likely to be included in the capital account of the balance-of-payments
12.Which of the following is most likely to be included in the reserves account of the balance-of-
13. Tariffs, quotas, and nontariff barriers designed to shelter a country’s markets from intrusion by
14. Which of the following arguments supporting the need for protectionism is considered to be valid by

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Term
Fall
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Tags
Marketing, International Trade, Opium Wars, current account, following statements, First Opium War, following social institutions

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