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International Trade Quiz 167 (20 MCQs)

Quiz Instructions

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1. Who has the absolute advantage for wands?
2. GATT rules allow countries to impose antidumping duties on foreign goods that are being sold cheaper than at home, or below their cost of production, when domestic producers can show that they are being harmed.
3. A group of countries that agree to reduce or eliminate trade barriers but each can have its own trade policy toward other countries have established a
4. Which of the following is a trade barrier that imposes taxes or duties on imported goods?
5. A suspicious transaction is one that is outside the normal range of transactions from the seller's point of view, in particular in relation to new customers or where an old customer changes transaction structure in an unusual way. It can include:
6. Tana decides she wants to buy a new car. She went to the dealership and they told her she can have a new car today for a payment of $ 350 a month for 5 years or a payment of $ 250 for 8 years. Select the answer that applies to her situation with choosing a payment plan. (hint you may have to do a little math, multiple the payment by how many months you will be paying)
7. It is a tax or duty imposed by a government on imported or exported goods. It is a form of trade barrier that can affect the cost and competitiveness of foreign products in the domestic market.
8. If the U.S. government limits the number of cars that can be imported, the government is placing a(n) ..... on foreign-made cars.
9. A written order used in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date
10. Who are the 'winners' from international trade?
11. In 2010, China announced that it would impose and import a tax on American poultry of up 105.4 percent.
12. All business activities conducted between individuals, companies, and governments
13. When one country refuses to trade with another country because of political or infringements of human rights it is called:
14. He spice ..... of the eastern markets charged top prices to the Dutch and British sailors, who had come too far to sail away without buying
15. Cotton grown in South Carolina is shipped to Spain.
16. Producer households that are owned by the government are .....
17. Why did the caravans travel with bodyguard?
18. Which Act governs the international transfer of 'goods and technology' in Canada?
19. Slightly
20. Technological gap model is .....
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