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International Trade Quiz 112 (25 MCQs)

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1. What does INCOTERM stand for?
2. Which of the following is one of the four attributes present in Porter's diamond?
3. Which is NOT a step in the importing process?
4. In order to become more efficient and to make greater profits, both individuals and nations learn to
5. Which of the following is a disadvantage of having quotas?
6. What are services in the context of trade?
7. Canada exports syrup to the US, while imports computers from the US. Syrup-biased growth in Canada will _____
8. Which one is an alliance?
9. A disadvantage of specialisation:Domestic industries may be forced to shut down because foreign firms are better at producing the goods or services provided by that industry.
10. He says "when goods cannot cross borders, armies will."
11. Which of the following was developed with the rationale that the U.S.-Canadian trade was the largest bilateral trade in the world and that the United States is Mexico's and Canada's largest trading partner?
12. Which of the following country is not in the Andean Community of trade bloc
13. Misha traveled to India and took $200 in U.S. currency. When Misha exchanged the $200 in India, she received about (1USD=40.3950 Indian Rupee)
14. Jewelry from Brazil is sold in stores in Utah.
15. Government policy to encourage exports so that products have a competitive edge is _____
16. An exporter may have to spend months learning about a country's trade regulations, business practices, and more before a deal can be closed.
17. The dollar is worth less _____
18. Which of these are a positive impact on multinational companies?
19. Which of the following best describes the term balance of trade?
20. The subject of economics across national boundaries
21. Kentucky got shoes made in China
22. Countries will gain by concentrating on a limited range of good because:
23. The support activities of the value chain provide outputs that allow the primary activities to occur.
24. Which one of these is a benefit of Global Trade?
25. What is the main benefit of using the WIPO Madrid System for international trademark protection?
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