armstrong15_tif - Chapter 15 The Global Marketplace...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 15 The Global Marketplace Multiple-Choice 1. A _____ is one that, by operating in more than one nation, gains marketing, production, R&D, and financial advantages that are not available to purely domestic competitors. a. national firm b. domestic firm c. regional firm d. global firm Answer: (d) Difficulty: (2) Page: 519 2. The _____ sees the world as one market. It minimizes the importance of national boundaries and develops “supranational” brands. 3. Ford trucks sold in North America have their chassis built in North America and assembled in Brazil. _____ gain advantages by planning, operating, and coordinating their activities on a worldwide basis. 4. The most common trade barrier is the _____, which is a tax levied by a foreign government against certain imported products. 5. A(n) _____ is a ban on the import of a certain product. a. quota b. tariff c. exchange control d. embargo Answer: (d) Difficulty: (2) Page: 520 92
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6. _____ are government limits on the amount of foreign exchange with other countries and on the exchange rate against other currencies. 7. The _____ enforces GATT rules. 8. The _____ deals with worldwide trade in banking, securities, insurance and services. 9. The _____ is a 56-year old treaty designed to promote world trade by reducing tariffs and other international trade barriers. a. GATS b. GATT c. WTO d. EU Answer: (b) Difficulty: (2) Page: 520 10. According to the text, a new round of GATT negotiations began in _____ in late 2001 and is expected to conclude in January 2005. 93
Image of page 2
11. All of the following statements are accurate descriptions of the EU, except which one?
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern