Marketing Final Exam

The country a tariff b quota c fiscal prerequisite d

Info iconThis preview shows page 1. Sign up to view the full content.

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

Unformatted text preview: Application 39. A(n) _____ is a law that compels a company earning foreign currency from its exports to sell it to a central bank rather than sending the money out of the country. a. tariff b. quota c. fiscal prerequisite d. exchange control e. transfer barrier ANS: D A company wishing to buy goods abroad must first obtain foreign currency from the control exchange control agency. PTS: 1 REF: 61 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective TOP: AACSB Reflective MSC: BLOOMS Knowledge 40. _____ are trade alliances in which several countries agree to work together to form a common trade area that enhances trade opportunities among those countries. a. Boycotts b. Regional unifications c. Market groupings d. Free trade nations e. Expropriation members ANS: C Market groupings are trade alliances to benefit the common good of its members. PTS: 1 REF: 61 OBJ: 05-3 TOP: AACSB Reflective Thinking KEY: CB&E Model International Perspective| CB&E Model Strategy MSC: BLOOMS Knowledge 41. _____ is a trade agreement that includes Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, and Uruguay. This agreement eliminated the tariffs among these trading partners. a. NAFTA b. Maastricht c. WTO d. GATT e. Mercosur ANS: E Mercosur is the largest Latin American trade agreement among these countries. PTS: 1 REF: 61 OBJ: 05-3 TOP: AACSB Reflective Thinking KEY: CB&E Model International Perspective | CB&E Model Strategy MSC: BLOOMS Knowledge 42. Negotiations (such as GATT or the Uruguay Round) between countries that are made to stimulate global exchange and remove barriers are called _____ agreements. a. trade b. joint venture c. CRM d. exchange e. licensing ANS: A A trade agreement is an agreement to stimulate international trade. PTS: 1 Thinking REF: 61-62 OBJ: 05-3 TOP: AACSB Reflective KEY: CB&E Model International Perspective MSC: BLOOMS Knowledge 43. The _____ is the most ambitious global trade agreement ever negotiated; the agreement has reduced tariffs by one-third worldwide. a. Uruguay Round b. Mercosur c. GATT d. NAFTA e. Maastricht Treaty ANS: A The Uruguay Round is an agreement that has dramatically lowered trade barriers worldwide (i.e., has reduced tariffs by one-third worldwide). PTS: 1 REF: 62 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective Comprehension TOP: AACSB Reflective MSC: BLOOMS 44. The _____ of trade negotiations created the _____, which replaces GATT. This trade agreement dramatically lowers trade barriers worldwide. a. Uruguay Round; World Trade Organization b. Doha Round; European Union c. Doha Round; NAFTA d. Paraguay Round; South American Free Trade Agreement e. Mercosur; European Union ANS: A The Uruguay Round created the WTO. PTS: 1 REF: 62 OBJ: 05-3 Thinking KEY: CB&E Model International Perspective Comprehension TOP: AACSB Reflective MSC: BLOOMS 45. Which of the following is the latest round of World Trade Organization? a. Mercosur covenant b. CAFTA Alliance c...
View Full Document

Ask a homework question - tutors are online