In most cases which type of government protection assistance is most

In most cases which type of government protection

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46) In most cases, which type of government protection assistance is most controversial? A) business development services B) foreign business contacts C) trade expositions D) tariffs Answer: D Diff: 2 Learning Outcome: Discuss arguments for and against government intervention in international business Skill: Concept Objective: 4 47) Tied aid requires a recipient to ________. A) donate a portion of the funds to the donor country's infrastructure needs B) use the capital in any way as long as donor country approval is granted C) employ local workers in management positions D) spend the funds in the donor country Answer: D Diff: 2 Learning Outcome: Define the fundamental concepts of international business Skill: Concept Objective: 4 48) Most countries have agreed on how to assess values when their customs agents levy tariffs. Which of the following best expresses this agreement? A) They should use the value of similar goods arriving at about the same time. B) They should use the declared invoice price unless they doubt its authenticity. C) They should assess a value based on local costs to produce a similar product. D) They should assess a value based on the expected final consumer sales price. Answer: B Diff: 2 Skill: Concept Objective: 4
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49) In international trade, what is a quota? A) a guarantee by one country to buy some minimum amount from another B) a quantitative limit on the amount of a product that can be imported or exported C) a countertrade arrangement that establishes the value of imports and exports D) a bilateral agreement calling for mutual access to markets Answer: B Diff: 1 Skill: Concept Objective: 4 50) A voluntary export restriction (VER) refers to ________. A) an agreement between two countries to reciprocally restrict exports to one another B) requests by governments for companies to limit exports of militarily useful technology C) limits companies' exports to increase domestic supplies D) limits placed on exports by a government of an exporting country at the request of the government of an importing country Answer: D Diff: 1 Skill: Concept Objective: 4 51) An import license is ________. A) an agreement whereby one country gives another country permission to use a patent that a company has registered there B) a requirement that exporters take merchandise in lieu of money as payment for their sales C) a requirement that permission be secured from governmental authorities before importation can be undertaken D) a government prohibition of imports from a specific country Answer: C Diff: 1 Skill: Concept Objective: 4
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