88%(59)52 out of 59 people found this document helpful
This preview shows page 39 - 42 out of 42 pages.
Selected Answer:final product assemblyAnswers:final product assemblyacquisition of raw materialsproduct designto increase the total amount of a good's production costQuestion 101 out of 1 pointsCountry A implements a ban on trade in two products with Country B. This is an example of a(n) ________.Selected Answer:embargo
Answers:embargotariff-quotatariffvoluntary export restraintQuestion 111 out of 1 pointsScenario: Not-So-Free FreelandFreeland is a semi-closed economy whose government believes in protecting national identity and becoming a self-sustaining country. The government's priority is to protect local jobs and provide opportunities to Freeland's emerging industries to flourish without the threat of external competition.The Freeland government's effort to protect local jobs is an example of which of the following motives?Selected Answer:PoliticalAnswers:PoliticalEconomicCulturalSystematicQuestion 121 out of 1 pointsBusinesses can obtain financing from the Export-Import Bank through all the following EXCEPT the ________.Selected Answer:marketing assistance programAnswers:
marketing assistance programcity/state programworking capital guarantee programcredit information services programQuestion 131 out of 1 pointsScenario: Badland Joins the WorldBadland, a former totalitarian economy and pariah state, is taking steps toward a free market economy. The government wants to encourage trade but also wants to find a balance where local businesses and industries are not destroyed.If Badland chooses to levy tariffs as a percentage of the stated price of an imported product, this would be an exampleof a(n) ________.Selected Answer:ad valorem tariffAnswers:compound tariffspecific tariffad valorem tarifftariff-quotaQuestion 141 out of 1 pointsProducts designated as dual use require ________ before export can take place.Selected Answer:special government approvalAnswers:multi-language translation
documentsbetter consumer-use instructionsspecial government approvalWorld Trade Organization clearanceQuestion 151 out of 1 pointsWhich of the following is an example of an economic motive for nations' attempts to influence international trade?Selected Answer:Pursue strategic tradepolicyAnswers:Pursue strategic tradepolicyProtect jobsRespond to "unfair" tradePreserve national security